Required 1 Required 2 Calculat te the lower of cost or market for the inventory

Question

Required 1 Required 2 Calculat te the lower of cost or market for the inventory applied separately to each item Per Unit Total LCM applied to Item Units CostMarket tCost Market Individual csCar audio equipment Speakers Stereos Amplifiers Subwoofers 345 90 98 $ 31,050 260 11100 100.00 326 86.0095.00 204 52.00 41.00 Security equipment Alarms Locks Cameras 480 15000 125.00 291 93.00 84.00 212 310.00 322.00 Binocular equipment 185 70.00 84.00 170 Tripods 97 00 105.00 Stabilizers Total Required 2 >

Explanation / Answer

Calculate inventory cost ;

Per unit Total LCM applied to Items Units Cost Market Cost Market Individual items Car audio equipment Speakers 345 90 98 31050 33810 31050 Cost Stereos 260 111 100 28860 26000 26000 market Amplifiers 326 86 95 28036 30970 28036 Cost Subwoofers 204 52 41 10608 8364 8364 Market Security equipment Alarms 480 150 125 72000 60000 60000 Market Locks 291 93 84 27063 24444 24444 Market Camers 212 310 322 65720 68264 65270 Cost Binocular equipment Tripods 185 70 84 12950 15540 12950 Cost Stabilizers 170 97 105 16490 17850 16490 Cost Total 292777 285242 272604 LCM

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.