Using the lower of cost or market, what should the total inventory value be for the...

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Using the lower of cost or market, what should the total inventory value be for the...

Using the lower of cost or market, what should the total inventory value be for the following items: Item Quantity Unit Cost Price Unit Market Price Total Cost Price Total Market Price Lower of Cost or Market A 208 $7 $10 $1,456 $2,080 $ B 106 $14 $12 $1,484 $1,272 $ C 67 $24 $27 $1,608 $1,809 $ $

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Answer 1

Answer #1

Item	Inventory Quantity	Unit Cost Price	Unit Market Price	Total Cost Price	Total Market Price	Lower of Cost or Market
A	208	7	10	1456	2080	1456
B	106	14	12	1484	1272	1272
C	67	24	27	1608	1809	1608
					Total	4336

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Answer 2

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