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Draper Enterprises Inc. purchases land in Long Beach to develop for residential housing. In total Draper Enterprises paid $25,000,000 for the land and plans to
Draper Enterprises Inc. purchases land in Long Beach to develop for residential housing. In total Draper Enterprises paid $25,000,000 for the land and plans to split and sell the land as follows: LOT A B # of LOTS TOTAL SALES BY LOT CATEGORY SALES PRICE PER LOT 200 $ 25,000 $ 5,000,000 100 $ 50,000 $ 5,000,000 % of SALES TOTAL COST $ ss What is the cost for each LOT A?; What is the cost for each LOT B? Format your answers as follows to match the order of the questions: $x,xxx; $x,xxxx 25,000,000 25,000,000 COST ALLOCATED TO LOT CATEGORY COST PER LOT
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