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Slay Fashions pays a lump sum of $53,000 to buy out the shoe inventory of a competitor. The purchase included high heals, boots, and slippers
Slay Fashions pays a lump sum of $53,000 to buy out the shoe inventory of a competitor. The purchase included high heals, boots, and slippers with retail values of $25,000,$20,000, and $15,000 per group, respectively. Approximately how much of the cost should be allocated to high heals? a. $25,000 b. $60,000 c. $20,000 d. $22,083
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