Business, 13.01.2021 17:30 haleyehewitt2001

Oriole Corporation acquired two inventory items at a lump-sum cost of $123000. The acquisition included 3090 units of product LF, and 6180 units of product 1B. LF normally sells for $30 per unit, and 1B for $10 per unit. If Oriole sells 1030 units of LF, what amount of gross profit should it recognize?

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Oriole Corporation acquired two inventory items at a lump-sum cost of $123000. The acquisition inclu...