Solution-What amount of cost of goods sold should it

What amount of cost of goods sold should it recognize

Reference no: EM132567250

Question - Turner Corporation acquired two inventory items at a lump-sum cost of $120,000. The acquisition included 3,000 units of product LF, and 7,000 units of product 13. LF normally sells for $30 per unit, and 1B for $10 per unit. If Turner sells 1,000 units of LF, what amount of cost of goods sold should it recognize?

a. $20,000.

b. $7,500.

c. $2,500.

d. $22,500.

Reference no: EM132567250

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What amount of cost of goods sold should it recognize : LF normally sells for $30 per unit, and 1B for $10 per unit. If Turner sells 1,000 units of LF, what amount of cost of goods sold should it recognize

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What amount of cost of goods sold should it recognize

Reference no: EM132567250

Reference no: EM132567250

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