Robertson Corporation acquired two inventory items at a lump-sum cost of $96,000. The acquisition included 3,000...

Transcribed Image Text:

Robertson Corporation acquired two inventory items at a lump-sum cost of $96,000. The acquisition included 3,000 units of product CF, and 7,000 units of product 3B. CF normally sells for $27 per unit, and 3B for $9 per unit. If Robertson sells 1,000 units of CF, what amount of gross profit should it recognize? $9,000 O $18,000 O $3.000 $24,000 Robertson Corporation acquired two inventory items at a lump-sum cost of $96,000. The acquisition included 3,000 units of product CF, and 7,000 units of product 3B. CF normally sells for $27 per unit, and 3B for $9 per unit. If Robertson sells 1,000 units of CF, what amount of gross profit should it recognize? $9,000 O $18,000 O $3.000 $24,000

Answer rating: 100% (QA)

Robertson acquired 3000 units of CF at a normal selling price of 27 per un... View the full answer