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Business, 24.07.2020 20:01 natnerd4671

A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unprocessed wheat was purchased for $240,000, and the following quantities of product and sales revenues were produced. Product Pounds Price per Pound
Feed 100,000 $0.70
Flour 50,000 2.20
Starch 20,000 1.00

How much of the $240,000 cost should be allocated to feed?

a. $24,500.
b. $84,000.
c. $90,000.
d. $70,000.
e. $200,000.

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A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For...

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