Jermaine Dye Corporation Acquired Two Inventory Items at a Lump-Sum

question 67

Multiple Choice

Jermaine Dye 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 Dye 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.

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Definitions:

Volume

The amount of space that an object or substance occupies or its magnitude or intensity, as in sound.

Audience Size

The number of individuals who are exposed to or participate in a given communication activity or event.

Humor

The quality of being amusing or entertaining, often expressed through jokes or comical situations.

Verbal Aid

Assistance or support provided through spoken words, often used in learning or communication contexts.