Saved Help Save & Exit Submit ise 22-22A (Algo) Assigning joint costs LO C2 Properties is developing a subdivision that includes 420 home lots. The 210 lots in the Canyon section are below a and do not have views of the neighboring canyons and hills, the 210 lots in the Hilltop section offer unobstructed The expected selling price for each Canyon lot is $58,000 and for each Hilltop lot is $108,000. The developer ed the land for $1,800,000 and spent another $2,700,000 on street and utilities improvements the joint land and improvement costs of $4,500,000 to the Canyon section and the Hilltop section using the value of allocation. (Do not round your intermediate calculations.) Sales Value Percent of Sales Value Cost to Allocate Allocated Cost Quantity of Lots Numerator Denominator % of Sales Value on section p section s