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What is the total cost allocated to lot a

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Reference no: EM132158524

Question - Garvin Corp recently purchased 400 lots bf land in a lump-sum purchase, paying a total of $749625. The lots of land consisted of 3 varying units (groups), which Garvin Corp labeled A, B, and C. Below are data concerning the three units (groups) of land purchased by Garvin Corp:

Unit

Number of Lots

Sales Price per Lot

A

150

$3301

B

120

$1938

C

130

$1360

What is the total cost allocated to Lot A? Do not round your intermediate calculations.

Reference no: EM132158524

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