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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

Accounting

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.

 

  1. 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.

 

 

 

 

 

 

 

 

 

 

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