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

Multiple Choice

Turner Corporation acquired two inventory items at a lump-sum cost of $50,000.The acquisition included 3,000 units of product LF, and 7,000 units of product 1B.LF normally sells for $15 per unit, and 1B for $5 per unit.If Turner sells 1,000 units of LF, what amount of gross profit should it recognize?

A) $1,875
B) $5,625.
C) $10,000.
D) $11,875.