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Hannah Corporation acquired two inventory items at a lumpsum cost of $125000. The acquisition included 3150 units of product L1, and 6300 units of product
Hannah Corporation acquired two inventory items at a lumpsum cost of $125000. The acquisition included 3150 units of product L1, and 6300 units of product M1. L1 normally sells for $30 per unit, and M1 for $10 per unit. If Hannah sells 1050 units of L1, what amount of gross profit should it recognize?
a. $6500.
b. $3611.
c. $31500
d. $2167.
Thank you in advance for your help! :)
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