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If turner sells 1000 units of lf what amount of gross

Turner Corp acquired two inventory items at lump-sum cost of 100,000. The acquisition included 3,000 units of product LF, and 7,000 units of product 1B. LF normally sells for $30 per unit, an 1B for $10 per unit. If Turner sells 1,000 units of LF, what amount of gross profit should it recognize?

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Accounting Basics: If turner sells 1000 units of lf what amount of gross

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