Business, 31.12.2019 05:31 frenchpotaetoes3702

Turner corporation acquired two inventory items at a lump-sum cost of $80,000. the acquisition included 3,000 units of product lf, and 7,000 units of product 1b. lf normally sells for $24 per unit, and 1b for $8 per unit.

if turner sells 1,000 units of lf, what amount of gross profit should it recognize?

a. $3,000
b. $9,000.
c. $16,000.
d. $19,000.

Answers: 3

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Turner corporation acquired two inventory items at a lump-sum cost of $80,000. the acquisition inclu...