A dairy allocates the cost of unprocessed milk to

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A dairy allocates the cost of unprocessed milk to the production of milk, cream, butter and cheese. For the current period, unprocessed milk was purchased for $240,000, and thefollowing quantities of product and sales revenues wereproduced.

Product     pounds    price per pound
milk          100,000   $.90 cheese     50,000         2.20 butter       20,000         1.00 Cream    10,000         3.00

How much of the $240,000 cost should be allocated to milk?

Reference no: EM13611501

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