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Carla Vista Realty Company purchased a plot of ground for $1,730,000 and spent $4,400,000 in developing it for building lots. The lots were classified into
Carla Vista Realty Company purchased a plot of ground for $1,730,000 and spent $4,400,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $ 104,500, $78,375, and $52,250 each, respectively. Complete the table below to allocate the cost of the lots using a relative sales value method. No. of Lots Selling Price Total Revenue % of Total Sales Total 20 $ 104500 $ 20 % $ 40 78375 30 % 100 52250 50 % 160 $ $ Attempts: 0 of 1 used Submit Answer Save for Later Last saved 12 minutes ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes
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