Oriole Corporation acquired two inventory items at a lump-sum cost of $99000. The acquisition included 3090 units of product CF, and 6180 units of product 3B.CF normally sells for $30 per unit, and 3B for $10 per unit. If Oriole sells 1030 units of CF, what amount of gross profit should it recognize? $3700 $6167. $30900 $11100 Ivanhoe Inc. reported inventory at the beginning of the current year of $380000 and at the end of the current year of $431000. If net sales for the current year are $4529200 and the corresponding cost of sales totaled $3421900. what is the inventory turnover for the current year? 10.51 11.17 8.44. 7.94