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Sunland Realty Company purchased a plot of ground for $1,740,000 and spent $4,350,000 in developing...

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Sunland Realty Company purchased a plot of ground for $1,740,000 and spent $4,350,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $104,000, $78,000, and $52,000 each, respectively. Complete the table below to allocate the cost of the lots using a relative sales value method. No. of Lots Grade Selling Price Total Revenue % of Total Sales Highland 20 $ $ $ % $ Midland 40 % Lowland 100 % 160 $ $ View Policies Current Attempt in Progress Sunland Realty Company purchased a plot of ground for $1,740,000 and spent $4,350,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $104,000, $78,000, and $52,000 each, respectively. Complete the table below to allocate the cost of the lots using a relative sales value method. Apportioned Cost Total Revenue % of Total Sales Total Per Lot $ $ $ $ $ $ % % $ $ $

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