Data related to the inventories of Costco Medical Supply are presented below: Surgical Equipment Surgical Supplies...

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Data related to the inventories of Costco Medical Supply are presented below: Surgical Equipment Surgical Supplies...

Data related to the inventories of Costco Medical Supply are presented below:

	Surgical Equipment		Surgical Supplies		Rehab Equipment		Rehab Supplies
Selling price	$	270	$	139	$	337	$	156
Cost		166		99		285		151
Costs to sell		24		5		31		12

In applying the lower of cost or net realizable value rule, the inventory of rehab equipment would be valued at:

A) $306

B) $215

C) $285

D)$274

business accounting

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Answer 1

Answer #1



	Net realizable value = selling price -cost to sell
			337-31
			306


		cost	net realizable	LCM
Rehab Equipment		285	306	285


answer ) option c -$285

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Answer 2

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