Mc qu. 80 a granary 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 $290,000, and the following quantities of product and sales revenues were produced. product pounds price per pound feed 92,500 $ 1.40 flour 74,000 2.50 starch 37,000 1.50 how much of the $290,000 cost should be allocated to flour if the value basis is used

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?