12 and 13

ge.aspx?id=bk2Y_1R3SEus3A_VIDVSZHAMyDATDpBiRQvzYXHIDHUQ09PTFAOQ10yVTC3SVILVKFXSTEZNFFBUSAU 12. Based on the following data, determine the value of the ending inventory on an item-by-item basis using the lower of cost or market value. Calculate the units at year end with LCM. Market Value LCM Ending Inventory at LCM per Unit Item Units at Cost per Unit Year End A 225 $10.00 B 175 12.50 300 13.35 D 12.25 Total Ending Inventory at LCM (15 Points) $12.00 11.75 13.10 11.50 ? ? ? ? ? ? ? ? ?* 150 Enter your answer 13. Information from three partial income statements is given below. Compute the missing amounts in each case Case A Case B Case C Net Sales $ ? $200,000 $165.000 Beginning merchandise inventory 45,000 33,000 ? Net purchases 150,000 ? 65,000 Goods available for sale 195,000 167,000 113,000 Ending merchandise inventory 52,000 40,000 Cost of goods sold 175,000 2 Gross Profit 290,000 85,000 92,000 (20 Points) Enter your