Solution-The american produce company purchased a truckload

The american produce company purchased a truckload

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Reference no: EM13957254

The American Produce Company purchased a truckload of cantaloupes (weighing 4,000 pounds) for $800. American Produce separated the cantaloupes into two grades: superior and economy. The superior-grade cantaloupes had a total weight of 3,200 pounds, and the economy-grade cantaloupes totaled 800 pounds. American Produce sells the superior-grade cantaloupes at $0.35 per pound, and the economy-grade ones at $0.15 per pound.

Required:

Allocate the $800 cost of the truckload to the superior-grade and economy-grade cantaloupes using the physical quantity method and the relative sales value method.

Reference no: EM13957254

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The american produce company purchased a truckload

Reference no: EM13957254

Reference no: EM13957254

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