Homework answers / question archive / Georgia State University - ACCT 4112 ACCT 4112 Quiz 1 1)Data related to the inventories of Costco Medical Supply are presented below     Surgical Equipment Surgical Supplies Rehab Equipment Rehab Supplies Selling price $260 $100 $340 $165 Cost 170 90 250 162 Costs to sell 30 15 25 10   In applying the lower of cost and net realizable value rule, the inventory of surgical equipment would be valued at   A

Georgia State University - ACCT 4112 ACCT 4112 Quiz 1 1)Data related to the inventories of Costco Medical Supply are presented below     Surgical Equipment Surgical Supplies Rehab Equipment Rehab Supplies Selling price $260 $100 $340 $165 Cost 170 90 250 162 Costs to sell 30 15 25 10   In applying the lower of cost and net realizable value rule, the inventory of surgical equipment would be valued at   A

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Georgia State University - ACCT 4112

ACCT 4112 Quiz 1

1)Data related to the inventories of Costco Medical Supply are presented below

 

	Surgical Equipment	Surgical Supplies	Rehab Equipment	Rehab Supplies
Selling price	$260	$100	$340	$165
Cost	170	90	250	162
Costs to sell	30	15	25	10

 

In applying the lower of cost and net realizable value rule, the inventory of surgical equipment would be valued at

 

A. $230.

B. $240.

C. $170.

D. $152.

 

2. In applying the lower of cost and net realizable value rule, the inventory of surgical supplies would be valued at

 

A. $100.

B. $90.

C. $85.

D. $75.