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HELP 6. Relative sales value method Doran Realty Company purchased a plot of ground for $900,000 and spent $3,100,000 in developing it for building lots.

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6. Relative sales value method Doran Realty Company purchased a plot of ground for $900,000 and spent $3,100,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $120,000, 390,000 and $60,000 each, respectively Required: Complete the table below to allocate the cost of the lots using a relative saies value method No of Selling Total Apportioned Cos Total Per Lo %Total Pnce??Revenue -sales 20 $120,000 S 40 $90,000 Highland Midland Lowland Total 100 $60,000 160 $4,000,000

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