Help Save & Exit Submit 31 Heart & Home Properties is developing a subdivision that includes 600 home lots. The 450 lots in the Canyon section are below a ridge and do not have views of the neighboring views. The expected selling price for each Canyon lot is $55,000 and for each Hilltop lot is $110,000. The developer acquired the land for $4,000,000 and spent another $3 3.57 Assign the joint land and improvement costs to the lots using the value basis of allocation and determine the average cost per lot