The following data refer to the ending inventory of the Montgomery Company: Article code Quantity Unit Cost
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Question:
The following data refer to the ending inventory of the Montgomery Company:
Article code Quantity Unit Cost Unit Market
Small 45 $64 $76
Medium 60 92 88
Grande 65 100 84
Extra large 35 108 106
calculate how much is the ending inventory if the lesser of cost or the market rule is applied to the total inventory?c
Related Book For
Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
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