1) 2) Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Quantity Cost per...

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1)

Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Quantity Cost per Unit Market Value per Unit (

2)

Periodic Inventory Using FIFO, LIFO, and weighted Average Cost Methods The units of an item available for sale during the yea

business accounting

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Answer 1

Answer #1

Lower of cost or net realizable value should be taken into consideration

= (143*44) + (295*21)

= 6292 + 6195

= 12,487

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Answer 2

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Add Answer to: 1) 2) Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Quantity Cost per...

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1) 2) Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Quantity Cost per...