A granary allocates the cost of unprocessed wheat to the production of feed, flour, and...
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Accounting
| 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 $360,000, and the following quantities of product and sales revenues were produced. |
| Product | Pounds | Price per Pound |
| Feed | 100,000 | $2.00 |
| Flour | 49,000 | 2.40 |
| Starch | 19,000 | 2.00 |
| How much of the $360,000 cost should be allocated to feed? (Round your intermediate percentage to the nearest whole percent.) |
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