Solved: Cf normally sells for 12 per unit and 3b for 4 per unit if, Accounting Basics

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Cf normally sells for 12 per unit and 3b for 4 per unit if

Question - Robertson Corporation acquired two inventory items at a lump-sum cost of $40,000. The acquisition included 3,000 units of product CF, and 7,000 units of product 3B. CF normally sells for $12 per unit, and 3B for $4 per unit. If Robertson sells 1,000 units of CF, what amount of gross profit should it recognize?

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Accounting Basics: Cf normally sells for 12 per unit and 3b for 4 per unit if

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Accounting Basics: Cf normally sells for 12 per unit and 3b for 4 per unit if

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