Question
The American Produce Company purchased a truckload of cantaloupes (weighing 4,000 pounds) for $870. American Produce separated the cantaloupes into two grades: superior and economy.
The American Produce Company purchased a truckload of cantaloupes (weighing 4,000 pounds) for $870. American Produce separated the cantaloupes into two grades: superior and economy. The superior-grade cantaloupes had a total weight of 3,200 pounds, and the economy-grade cantaloupes totaled 800 pounds. American Produce sells the superior-grade cantaloupes at $0.52 per pound, and the economy-grade ones at $0.21 per pound. Allocate the $870 cost of the truckload to the superior-grade and economy-grade cantaloupes using the physical quantity method and the relative sales value method
cost using physicla quantity method | cost using relative sals value method | |
Superior Grade | $ | $ |
Economy Grade | $ | $ |
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