Question
A company has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product Product Quantity
A company has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product
| Product | Quantity | Cost per Unit | Market per Unit |
|---|---|---|---|
| Product A | 10 | $ 718 | $ 688 |
| Product B | 15 | $ 518 | $ 558 |
| Product C | 20 | $ 668 | $ 693 |
A. 29110
B. 28310
C. 28010
D. 1904
E. 1939
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Hospitality Management Accounting
Authors: Michael M. Coltman, Martin G. Jagels, Martin Jagels
7th Edition
0471348848, 978-0471348849
