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Cengage Accounting 25th © Accounting ques Classic | Melt Co. Y coarse hero-Yah H

ID: 2572588 • Letter: C

Question

Cengage Accounting 25th © Accounting ques Classic | Melt Co. Y coarse hero-Yah Homework Help Android 13 | Ultr + v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMan.do?invoker: a erchandise inventory. Ch 7-2 Practice Exerclses eBook Show Me How Calculator Print Item Lower-of-Cost-or-Market Method 1. PE.07-02.ALGO On the basis of the data shown below: 2. PE.07-03.ALGO 3. PE.07-04A Inventory Cost per Market Value per Unit Item Quantity A13Y TX24 Unit S38 19 (Net Realizable Value) 4. PE.07-05.ALGO 129 $36 5. PE.07-06.ALGO 245 23 Determine the value of the inventory at the lower-of-cost-or-market by applying lower-of-cost-or-market to each inventory item, as shown in Exhibit Check My Work 2 more Check My Work uses remaining. Previous Progress: 515 items Assignment Score: 0.0% Save and Exit Submit Assignment for Grading 3:42 PM Type here to search 97 11/15/2017 10

Explanation / Answer

Lower of cost or market value A13Y (129*36)=$4644 TX24 (245*19)=$4655 Total $9299

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