1.determine to sell are 10% of the selling price, and the normal profit margin on all trees is 20% of the selling price

2. determine the report inventory value assuming the lower of cost or market rule is applied to categories of trees

3. determine the report inventory value assuming the lower of cost or market rule is applied to the total inventory.

Use the information below for the following three questions: Dybala's Nursery uses LIFO cost flow assumption and has developed the following data for its products. The individual types of trees are separated as to their categories: Selling Price Cast Cost to Replace $1,800 2,200 $1,000 1,600 $800 1,400 Broad leaf trees: Ash Beech Needle leaf trees: Cedar Fir Fruit trees; Apple Cherry $2,500 3,600 $1,750 3,350 $1,800 3,200 $1,800 2,300 $1,400 1,800 $1,300 1,700 The costs to sell are 10% of the selling price, and the normal profit margin on all trees is 20% of the selling price Determine the reported inventory value assuming the lower of cost or market rule is applied to individual tree products. Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Air 888