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14. Musso Corporation acquired two inventory items at a lump-sum cost of $80,000. The acquisition included 3,000 units of product LF, and 7,000 units of

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14. Musso Corporation acquired two inventory items at a lump-sum cost of $80,000. The acquisition included 3,000 units of product LF, and 7,000 units of product 1B. LF normally sells for $24 per unit, and 1B for $8 per unit. If Musso sells 1,000 units of LF, what amount of gross profit should Musso recognize? a. $3,000 b. $9,000 c. $16,000 d. $19,000

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