1) 1) Montana Co has determined its year-end inventory on a FIFO basis to be $600,000. Information pertaining to that inventory is as follows: Selling price Costs to sell $ 620,000 30,000 520,000 Cost What should be the reported value of Montana's inventory? A) 5620,000 B) $520,000 C) $590,000 D) $600,000 2) Data related to the inventories of Costco Medical Supply are presented below: Surgical Equipment $ 260 Surgical Supplies S 100 Rehab Equipment S 340 250 25 Rehab Supplies $ 165 Selling price Cost Costs to sell 170 30 15 10 In applying the lower of cost or net realizable value rule, the inventory of surgical equipment would be valued at: A) $170 B) 5230 C) $152 D ) S240. 3) Data related to the inventories of Costco Medical Supply are presented below: 3) Surgical Equipment $ 260 170 Surgical Supplies $ 100 90 15 Rehab Equipment $ 340 250 Rehab Supplies $ 165 162 Selling price Cast Costs to sell 25 10 In applying the lower of cost or net realizable value rule, the inventory of surgical supplies would be valued at: A) $100 B) 585 C)575. D) 590. 4) Data related to the inventories of Costco Medical Supply are presented below: Surgical Equipment $ 260 170 Surgical Supplies $ 100 Rehab Equipment $ 340 250 Rehab Supplies $ 165 162 Selling price Cost Costs to sell 15 In applying the lower of cost or net realizable value rule, the inventory of rehab equipment would be valued at: A) 5340 B) $250 C) $225. D) 5315