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Bronte Corporation _Cost of Product

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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)

 

Paper#27842 | Written in 18-Jul-2015

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