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Williamson Corporation Acquired Two Inventory Items at a Lump-Sum Cost

Question 90

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Williamson Corporation acquired two inventory items at a lump-sum cost of $40,000.The acquisition included 3,000 units of product CF, and 7,000 units of product 3B.CF normally sells for $12 per unit, and 3B for $4 per unit.If Williamson sells 1,000 units of CF, what amount of gross profit should it recognize?


A) $1,500.
B) $4,500.
C) $8,000.
D) $9,500.

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