(Answered) Doran realty company purchased a plot of ground for 1900000

Accounting

Doran Realty Company purchased a plot of ground for $1,900,000 and spent $4,100,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $120,000, $90,000, and $60,000 each, respectively.

Complete the table below to allocate the cost of the lots using a relative sales value method.

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