Question: company processed raw milk for $ 3 2 0 , 0 0 0 . This raw milk can be converted into the following types of

company processed raw milk for $320,000. This raw milk can be converted into the following types of milk with listed sales values:
Joint Products Sales Value
Whole milk $ 70,200
2% milk 111,800
Skim milk 98,000
Total $ 280,000
Using the value basis, the total cost allocated to skim milk is:

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