Exhibit 18-1 Elsie's Dairy Produces Various Types of Cheese

Exhibit 18-1 Elsie's Dairy produces various types of cheese. The following resources are used to make five pounds of cheddar cheese:

-Refer to Exhibit 18-1. Based on the information above, what is the cost of producing one pound of cheese?

A) $2.00
B) $2.40
C) $3.40
D) $4.00