granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch....
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granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unprocessed wheat was purchased for $250,000, and the following quantities of product and sales revenues were produced. Product Feed Flour Starch Pounds Price per pound 220,000 $0.60 75,000 2.20 22,000 1.50 How much of the $250,000 cost should be allocated to flour if the value basis is used?
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