Review the steps below that apply LCM to individual items of inventory. Place them in the correct order of occurrence. Instructions Choice 1 of 6. List the market price of each item. toggle button List the market price of each item.
Choice 2 of 6. Compute total cost and total market value for each item. toggle button Compute total cost and total market value for each item.
Choice 3 of 6. List the cost of each item. toggle button List the cost of each item.
Choice 4 of 6. Compare recorded cost of each inventory item with its replacement cost. List lower of cost or market. toggle button Compare recorded cost of each inventory item with its replacement cost. List lower of cost or market.
Choice 5 of 6. Adjust inventory downward when market is less than cost. toggle button Adjust inventory downward when market is less than cost.
Choice 6 of 6. List the number of units of each product. toggle button List the number of units of each product.

During the year, the delph company had no beginning or ending inventories and it started, completed, and sold only two jobs—job d-75 and job c-100. it provided the following information related to those two jobs: job d-75: molding fabrication total direct materials cost $ 375,000 $ 325,000 $ 700,000 direct labor cost $ 200,000 $ 160,000 $ 360,000 machine-hours 15,000 5,000 20,000 job c-100: molding fabrication total direct materials cost $ 300,000 $ 250,000 $ 550,000 direct labor cost $ 175,000 $ 225,000 $ 400,000 machine-hours 5,000 25,000 30,000delph had no overapplied or underapplied manufacturing overhead during the year. assume delph uses a plantwide overhead rate based on machine-hours.1-a. compute the predetermined plantwide overhead rate.1-b. compute the total manufacturing costs assigned to job d-70 and job c-200.1-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 1-d. what is delph's cost of goods sold for the year? assume delph uses departmental overhead rates based on machine-hours.2-a. compute the predetermined departmental overhead rates.2-b. compute the total manufacturing costs assigned to job d-70 and job c-200.2-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 2-d. what is delph's cost of goods sold for the year?