On May 22, Martinez Ltd. sold an excavator and an extra grapple bucket for $240,300....

60.1K

Verified Solution

Question

Accounting

image
On May 22, Martinez Ltd. sold an excavator and an extra grapple bucket for $240,300. Martinez normally sells the excavator for $230,300 and the grapple bucket for $14,700. Martinez tracks excavator and accessory sales separately. Determine how the revenue would be allocated between excavator and accessory sales. Allocated Selling price Excavator sale $ Accessory sale Total $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students