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Vaughn Itzek manufactures and sells homemade wine, and he wants to develop a standard cost...

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Accounting

Vaughn Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 50-gallon batch.
3,840 ounces of grape concentrate at $0.06 per ounce
54 pounds of granulated sugar at $0.35 per pound
60 lemons at $0.90 each
200 yeast tablets at $0.23 each
50 nutrient tablets at $0.12 each
3,400 ounces of water at $0.005 per ounce
Vaughn estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 25% of the lemons cannot be used.
Compute the standard cost of the ingredients for one gallon of wine. (Round intermediate calculations and final answer to 2 decimal places, e.g.1.25.)
Standard Cost Per Gallon
$
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