Metropolitan Masonry made a basket purchase of three items.Item X was appraised at $35,000;item Y was appraised at $55,000 and item Z was appraised at $60,000.The purchase price was $125,000.The amount at which item Y should be recorded is:
A)($55,000/$125,000)× $150,000.
B)($55,000/$150,000)× $125,000.
C)($55,000/$95,000)× $150,000.
D)($55,000/$95,000)× $125,000.

Question

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The Answer of Metropolitan Masonry made a basket purchase of three items.Item X was appraised at $35,000;item Y was appraised at $55,000 and item Z was appraised at $60,000.The purchase price was $125,000.The amount at which item Y should be recorded is:
A)($55,000/$125,000)× $150,000.
B)($55,000/$150,000)× $125,000.
C)($55,000/$95,000)× $150,000.
D)($55,000/$95,000)× $125,000.

Metropolitan Masonry Made a Basket Purchase of Three Items