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Question 30 (1 point) Hawthorne Co., a toy and candy store, purchases its products in bulk from its suppliers. For a recent shipment, the
Question 30 (1 point) Hawthorne Co., a toy and candy store, purchases its products in bulk from its suppliers. For a recent shipment, the company paid $27,500 and received 2,500 products that are allocated among three groups (video games, stuffed animals, and books). Group 1 (video games) consists of 500 items that are expected to sell for $25.00 each. Group 2 (stuffed animals) consists of 1,250 pieces that are expected to sell for $14.00 each. Group 3 (books) consists of 750 pieces that are expected to sell for $8.00 each. To date, the company has sold 100 video games, 500 stuffed animals and 250 books. Using the relative sales value method, what is the gross profit to date on group 2 (stuffed animals)? a) $590 b) $1,655 c) $7,000 d) $1,500
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