29.

Information related to two products of AMC Corporation follows. Compute the inventory values reported in the balance sheet for Products A and B under the lower-of-cost-or-market rule.

	Product A	Product B
Estimated selling price	$66	$176
Original cost (LIFO)	33	165
Replacement cost	77	154
Cost of disposal	4	9
Gross margin	18	53

Product A inventory value
Product B inventory value

28.

Easy Gen Company's inventory records contained the following information regarding its latest generator model. The company uses a periodic inventory system.

Beginning inventory, January 1, 2020	570	units @ $75 each
Purchases:
January 15	1,490	units @ $90 each
January 21	1,180	units @ $95 each
January 28	1,410	units @ $100 each
Ending units	1,200

Required: Compute cost of goods sold for January using the FIFO method.