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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 $177,600, and the following quantities of product and sales revenues were produced.

Product Sales Value
Feed $ 103,600
Flour 162,800
Starch 29,600
Total $ 296,000

How much of the $177,600 cost should be allocated to flour if the value basis is used?

Multiple Choice

  • $36,260.

  • $103,600.

  • $97,680.

  • $296,000.

  • $124,320.

Answer & Explanation Solved by verified expert
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