subject
Business, 17.04.2020 00:46 allieballey0727

Determining Lower of Cost or Market Crane Company had the following inventory at December 31, 2017. Unit Price Quantity Cost Market Desks Model 9001 71 $190 $210 Model 9002 46 280 268 Model 9003 21 350 360 Cabinets Model 7001 121 60 64 Model 7002 81 95 88 Model 7003 51 130 126 a. Determine the ending inventory amount by applying the lower of cost or market rule to: 1. Each item of inventory. $Answer 53,982 2. Each major category of inventory. $Answer 55,018 3. Total inventory. $Answer 55,305

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:20
Miller mfg. is analyzing a proposed project. the company expects to sell 8,000 units, plus or minus 2 percent. the expected variable cost per unit is $11 and the expected fixed costs are $287,000. the fixed and variable cost estimates are considered accurate within a plus or minus 5 percent range. the depreciation expense is $68,000. the tax rate is 32 percent. the sales price is estimated at $64 a unit, plus or minus 3 percent. what is the earnings before interest and taxes under the base case scenario?
Answers: 1
question
Business, 22.06.2019 02:30
Luc do purchased stocks for $6,000. he paid $4,000 in cash and borrowed $2,000 from the brokerage firm. he bought 100 shares at $60.00 per share ($6,000 total). the loan has an annual interest rate of 8 percent. six months later, luc do sold the stock for $65 per share. he paid a commission of $120 and repaid the loan. his net profit was how much? pls
Answers: 3
question
Business, 22.06.2019 10:30
Describe three scenarios in which you might utilize mathematics to investigate a crime scene, accident scene, or to make decisions involving police practice. be sure to explain how math is used in police as they work through each scenario.
Answers: 1
question
Business, 22.06.2019 11:00
What is the correct percentage of texas teachers charged with ethics violations each year?
Answers: 2
You know the right answer?
Determining Lower of Cost or Market Crane Company had the following inventory at December 31, 2017....
Questions
question
Mathematics, 12.04.2020 20:50
question
Health, 12.04.2020 20:50
question
Mathematics, 12.04.2020 20:50
Questions on the website: 13722361