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89. Turner 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
89. Turner 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 IB for $8 per unit. If Turner sells 1,000 units of LF, what amount of gross profit should it recognize
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