Bronte Corporation _Cost of Product

$6.00

Description

Bronte Corporation
acquired two inventory items at a lump-sum cost of $160,000. The acquisition
included 6,000 units of product A, and 14,000 units of product B. Product A
normally sells for $24 per unit, and product B for $8 per unit. If Bronte sells
2,000 units of A, what amount of gross profit should it recognize?

($18,000),

($4,500),

($1,500),

($9,500)

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