Using the information below, determine the inventory value of each box size at t
ID: 2418933 • Letter: U
Question
Using the information below, determine the inventory value of each box size at the end of the year using the lower of cost or market .
Box size Quantity cost per box designated market
Extra small 100 $ 2.25 $4.00
Small 300 $3.50 $3.25
Medium 700 $4.25 $3.75
Large 400 $5.00 $5.50
Extra Large 200 $8.59 $7.00
Explanation / Answer
Box Size Quantity Cost per Box Designated Market Lowerof Cost or MV Total Value = Q*Rate Extra Small 100.00 2.25 4.00 2.25 225.00 Small 300.00 3.50 3.25 3.25 975.00 Medium 700.00 4.25 3.75 3.75 2,625.00 Large 400.00 5.00 5.50 5.00 2,000.00 Extra Large 200.00 8.59 7.00 7.00 1,400.00 7,225.00
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