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View Policies Current Attempt in Progress Oriole Realty Company purchased a plot of ground for $1,770,000 and spent $4,200,000 in developing it for building lots.
View Policies Current Attempt in Progress Oriole Realty Company purchased a plot of ground for $1,770,000 and spent $4,200,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $122,500, $91.875, and $61.250 each, respectively. Complete the table below to allocate the cost of the lots using a relative sals value method. Apportioned Cost Total Revenue % of Total Sales Total Per Lot $ I $ % % s $ Save for Later Attempts: 0 of 1 used Submit Answer View Policies Current Attempt in Progress Oriole Realty Company purchased a plot of ground for $1.770.000 and spent $4,200,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $122,500. $91.875, and $61,250 each, respectively. Complete the table below to allocate the cost of the lots using a relative sals value method. No. of Grade Lots Selling Price Total Revenue % of Total Sales Highland 20 $ $ % $ Midland 40 % Lowland 100 % 160 $ $ Save for Later Attempts: 0 of 1 used Submit Answer BI
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