G. Doran realty company purchased a plot of ground for 1,900,000 and spent 4,100,000 in developing it for building lots. The lots were classified into Highland, Midland, and lowland grades to sell at 120,000, 90,000 and 60,000 each respectively. Comple the table to allocate the cost of the lots using a realtive sales value method.

PRUBLEM G: Doran Realty Company purchased a plot of ground for $1,900,000 and spent $4,100,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $120,000 $90,000 and $60,000 each, respectively. Instructions Complete the table below to allocate the cost of the lots using a relative sales value method. Total Revenue % of Total Sales Apportioned Cost Total Per Lot Grade Highland Midland Lowland No. of Lots 20 40 100 160 Selling Price $ $ $