Using the lower of cost or market, what should the total inventory value be for the following items:. Item Quantity Unit Cost Price Unit Market Price Total Cost Price Total Market Price Lower of Cost or Market A 220 $9 $11 $1,980 $2,420 $fill in the blank 1 B 94 $17 $13 $1,598 $1,222 $fill in the blank 2 C 42 $25 $28 $1,050 $1,176Apply the lower-of-cost-or-market method to inventory as a whole.

 $ 4252  is the lower cost price.  

Explanation:

Using lower of cost price or lower of market price :

Item      Total cost price    Total market value     Lower of cost or market price

  A            $ 1980                      $ 2420                          $ 1980

  B            $ 1598                      $ 1222                           $ 1222

  C            $ 1050                      $ 1176                            $ 1050              

                                                                                        $ 4252                                                  

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explanation:

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match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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