A dairy allocates the cost of unprocessed milk to the

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Reference no: EM13481469

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 the following quantities of product and sales revenues were produced.

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: EM13481469

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