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Carla Vista Developments purchases land worth $1.782.000 to be developed into cottage lots. The lots will be allocated into one of three categories: lakefront. lakeview,

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Carla Vista Developments purchases land worth $1.782.000 to be developed into cottage lots. The lots will be allocated into one of three categories: lakefront. lakeview, and standard. Caria Vista expects that half of the cottage lots will be lakefront and sell for $17,700,30 s are takeview and sell for $13,200 and the remaining lots are priced at $10,200 each. The tract of land is expected to produce 300 lots. (a) Uhing the recative sales value method calculate the total the inventory value that should be assigned to each category of lots. (Do not round intermedioy calculations. Round final answers to 0 decimal places, e. . 5.125.)

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