ALEKS HELE ! !) WORKSHEE INBOX REPORT OPTIONS : Ashan Calculator Gradebook. I ca
ID: 2594492 • Letter: A
Question
ALEKS HELE ! !) WORKSHEE INBOX REPORT OPTIONS : Ashan Calculator Gradebook. I can Calendar Diaz Company had the following inventory at the end of the year: Unit Price Quantity Cost Market S7 10 Valves: Model Q Model R Model S 120 160 200 $5 10 12 Model Alpha Model Bcta Model Gamma 90 70 60 70 85 75 75 90 Diaz Company uses the lower of cost or market method LCM) to value its inventory Required Determine the cost of ending inventory by using the lower of cost or market method applied to total invent Cost of Ending Inventory: Clear UndoH Help Next ExplainExplanation / Answer
(a)
(b)
(c) = (a) *(b)
(d)
(e) = (a)*(d)
Unit Price
Unit Price
Quantity
Cost
Total
Market
Total
Valves:
Model Q
120
7
840
5
600
Model R
160
8
1280
10
1600
Model S
200
10
2000
12
2400
Gaskets:
Model Alpha
90
80
7200
75
6750
Model Beta
70
70
4900
75
5250
Model Gamma
60
85
5100
90
5400
Total
21320
22000
cost of ending inventory by using the lower of cost or market method applied to total inventory is $ 21320.
(a)
(b)
(c) = (a) *(b)
(d)
(e) = (a)*(d)
Unit Price
Unit Price
Quantity
Cost
Total
Market
Total
Valves:
Model Q
120
7
840
5
600
Model R
160
8
1280
10
1600
Model S
200
10
2000
12
2400
Gaskets:
Model Alpha
90
80
7200
75
6750
Model Beta
70
70
4900
75
5250
Model Gamma
60
85
5100
90
5400
Total
21320
22000
cost of ending inventory by using the lower of cost or market method applied to total inventory is $ 21320.
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