A company's normal selling price for its product is $23 per unit. However, due to market competition, the selling price has fallen to $18 per unit. This company's current FIFO inventory consists of 230 units purchased at $19 per unit. Net realizable value has fallen to $16 per unit. Calculate the value of this company's inventory at the lower of cost or market. a. $3,780

b. $3,630

c. $4,370

d. $4,140

e. $3,680

e. $3,680

Explanation:

Calculation for the value of this company's inventory at the lower of cost or market.

Using this formula

Inventory value at lower of cost= Current FIFO inventory units × Fallen Net realizable value per unit

Let plug in the formula

Inventory value at lower of cost=230 units× $16 per unit

Inventory value at lower of cost=$3,680

Therefore the value of the company's inventory at the lower of cost or market will be $3,680

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

answer; break-even analysis;