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Moreno Development Company purchased a four-story building and converted it into 24 condominiums of three different categories. The five 3-bedroom units are expected to sell

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Moreno Development Company purchased a four-story building and converted it into 24 condominiums of three different categories. The five 3-bedroom units are expected to sell for $150,000 each, the twelve 2-bedroom units are expected to sell for $75,000 each, and the seven bedroom units are expected to sell for $50,000 each. The company spent $500,000 to acquire the building and $900,000 on common construction costs in the conversion process. Considering sales value, what total amount of these two joint costs would be assigned to all seven of the 1 bedroom condominiums? 187.500 105,000 O 245,000 O 525,000 630,000

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