ang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound

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ang Company accumulates the following data concerning rawmaterials in making its finished product: (1) Price per pound ofraw materials—net purchase price $2.70, freight-in $0.70, andreceiving and handling $0.20. (2) Quantity per gallon of finishedproduct—required materials 3.50 pounds, allowance forwaste and spoilage 0.90 pounds.Compute the following. (Round answers to 2 decimalplaces, e.g. 1.25.)
$enter a dollar amount rounded to 2 decimal places
enter an amount of pounds rounded to 2 decimal places
$enter a dollar amount rounded to 2 decimal places