Question: The data table is shown above. All information if given. Thanks, will give like if correct!! Answer: A, B, and C Lower of Cost or

The data table is shown above. All information if given. Thanks, will give like if correct!!
Answer: A, B, and C
The data table is shown above. All information if given. Thanks, will
give like if correct!! Answer: A, B, and C Lower of Cost

Lower of Cost or Market inventory On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Product Class 11 Model A Model B Model C Class 2: Model Di Model E Product Model A Model B Model C Model Di Model E Total Product Class 1:1 Model A Model 8 Model C Class 2 Total Inventory Quantity Subtotal Model D Model E 15 26 32 a. Determine the value of the inventory at the lower of cost or market applied to each item in the inventory 913 Subtotal Cost Per Unit Inventory Cost Quantity per Unit (Net Realizable Value) $99 265 128 227 279 b. Determine the value of the inventory at the lower of cost or market applied to each class of inventory. Inventory Quantity Market Value per Unit (Net Realizable Value) Cost per Unit 888 888 $121 256 116 Inventory at the Lower of Cost or Market Market Value per Unit 235 Inventory at the Lower of Cost or Market Market Value per Unit (Net Realizable Value) 260 Cost Market Lower of Cost or Market Cost Market Lower of Cost or Market 00000000 0000 0000 000 a. Determine the value of the inventory at the lower of cost or market applied to each them in the inventory Product Model A Model t Model C Model D Model E Total b. Determine the value of the inventory at the lower of cost or market applied to each dess of inventory. Product Class 1 Inventory at the Lower of Cost or Market Market Value per Unit Inventory Cost Quantity per tinit (Net Realizable Value) Model A Model B Model C Total Class 2 Model D Model E Subtotal Total Product Model A Model B Model C Model 0 Model E Subtotal Cost per Unit 888 Inventory Quantity 00 Inventory at the Lower of Cost or Market Market Value per Unit (Net Realizable Value) Cost Market Lower of Cost or Market 888 Cost Market 0000 0000 10000 10000 c. Determine the value of the inventory at the lower of cost or market applied to total inventory Lower of Cost or Market 888 Inventory at the Lower of Cost or Market Market Value per Unit Inventory Cost Quantity per Unit (Net Realizable Value) Cost Market Lower of Cost or Market

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