Given the following data, what is the cost of the inventory using the lower-of-cost-or-market method applied...
Given the following data, what is the cost of the inventory using the lower-of-cost-or-market method applied to total inventory? Item Quantity Unit Cost Unit Market Price 800 $4.95 $4.80 2 600 $9.50 $8.90 3 800 $6.90 $6.70 1,000 $8.00 $8.40 $22,540 O $23,540 $22,940 O $23,140
per Unit Jake Stone Company evaluated its inventory using the Lower of Cost or Market method. If the Lower of Cost or Market was applied to the following items, what should the total inventory value be? Inventory Cost per Market value Total Total Item Quantity Unit Cost Market 300 $15.00 $14.50 $4,500 $4,350 200 $14.00 $15.00 $2,800 $3,000 $17.00 $17.50 $1,700 $1,750 100
Using the lower of cost or market, what should the total inventory value be for the following items: Item Inventory Quantity Cost per Unit Market Value per Unit Total Cost Price Total Market Price Lower of Cost or Market A 175 $10 $13 $1,750 $2,275 $ B 77 $19 $16 $1,463 $1,232 $ C 40 $23 $25 $920 $1,000 $ $
E9-7 (L02) (Lower-of-Cost-or-Market) Referring to the inventory data for Sedato Company in E9-3, assume that Sedato fol- lows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost Cost Estimated Cost of Completion Item No. Quantity er to Replaceg Priced DisosalNormal Profit 1,200 900 800 1000 700 500 3,000 1000 1.25 0.50 1.00 0.90 0.60 0.50 0.50 1.00 1320 1333 1426 1437 1510 1522 1573 1626 3.20 2.70 4.50 3.60 2.25 3.00 1.80 $3.00 2.30 3.70...
Using the lower of cost or market, what should the total inventory value be for the following items: Unit Cost Unit Market Total Cost Total Market Lower of Cost or Item Quantity Price Price Price Market A 183 $10 $1,098 $1,830 B 103 18 1,854 1,648 Price 902 984
Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Item A13Y 81 $23 $18 O5T4 164 Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item, as shown in Exhibit 9. EXHIBIT E F G Determining Inventory at Lower of Cost or Market LCM) A. Bo Market Value Inventory Cost per per Unit...
Lower-of-Cost-or-Market Method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item, as shown in Exhibit 10. Unit Market Price Unit Cost Price Item Inventory Quantity $36 $34 54 IA17 16 18 108 BJ54 X Feedback Check My Work Under lower-of-cost-or-market, for each item in inventory, choose the lower of total cost price or the total market price as the assigned value for computing inventory cost. First...
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 $ $
Lower-of-Cost-or-Market Method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory Item, as shown in Exhibit 10. TtemInventory QuantityCost per UnitMarket Value per Unit(Net Realizable Value)JFW199$23$21SAW92071217
Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Product Inventory Quantity Cost Per Unit Market Value per Unit (Net Realizable Value) Class 1: Model A 19$115 $112 Model B 39 142 138 Model C 39294 305 Class 2: Model D 8 260 246 Model E 28 170 176 a. Determine the value of the inventory at the lower...