Business, 07.05.2020 08:02 gulleraliyeva1999

Sparks Furniture Company carries three lines of sofas. Information about the sofa inventory as of the end of its most recent fiscal year follows. If LCM is applied to each separate product line, what is the amount of the adjustment that must be made to the company's inventory?

Product Line Cost per Unit Market Value per Unit Quantity

Rustic $785 $895 360

Mediterranean 685 775 470

Contemporary 1,115 680 360

A. $81,900

B. $156,600

C. $35,100

D. $74,700

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