Question
94. The following data refer to Montgomery Company's ending inventory: Item code Quantity Unit Cost Unit Market Small 45 $64 $76 Medium 60 92 88
94. The following data refer to Montgomery Company's ending inventory:
Item code Quantity Unit Cost Unit Market
Small 45 $64 $76
Medium 60 92 88
Large 65 100 84
Extra-Large 35 108 106
How much is ending inventory if the lower of cost or market rule is applied to the total inventory? A) $17,870 B) $17,610 C) $17,624 D) $18,680
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A Standardized Financial Statement Auditing Framework For The Cloud Ecosystem Standards Principle Rules Volume 1
Authors: Cpa Citp Kilby
1st Edition
1636612237, 978-1636612232
