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SandhillCorporation acquired two inventory items at a lump-sum cost of $116000. The acquisition included2880units of product LF, and5760units of product 1B. LF normally sells for

SandhillCorporation acquired two inventory items at a lump-sum cost of $116000. The acquisition included2880units of product LF, and5760units of product 1B. LF normally sells for $30per unit, and 1B for $10per unit. IfSandhillsells960units of LF, what amount of gross profit should it recognize?

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