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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 $ 720 $ 690
Product B 15 $ 520 $ 560
Product C 20 $ 670 $ 695

Multiple Choice

$28,400.

$28,100.

$1,910.

$29,200.

$1,945.

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