Business, 05.05.2020 16:43 terry94

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 $120,000, 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 $120,000 cost should be allocated to feed if the value basis is used?

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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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