A company normally sells its product for $17 per unit. However, the selling price has fallen to $10 per unit. This company's current inventory consists of 700 units purchased at $14 per unit. Replacement cost has now fallen to $8 per unit. Calculate the value of this company's inventory at the lower of cost or market.

$9800

$5600

$11900

$6350

$7000

A company normally sells its product for $37 per unit. However, the selling price has fallen to $27 per unit. This company's current inventory consists of 170 units purchased at $29 per unit. Replacement cost has now fallen to $23 per unit. Calculate the value of this company's inventory at the lower of cost or market.

$3910

$5440

$6290

$4930

$4590

A company uses the periodic inventory system and had the following activity during the current monthly period.

November 1:	Beginning inventory	138 units @ $39
November 5:	Purchased	119 units @ $41
November 8:	Purchased	69 units @ $42
November 16:	Sold	257 units @ $64
November 19:	Purchased	69 units @ $44

Using the weighted-average inventory method, the company's ending inventory would be reported at:

$5708

$5382

$5658

$5934

$10537

A company reported the following information regarding its inventory.
Beginning inventory: cost is $55,000; retail is $125,000
Net purchases: cost is $65,000; retail is $135,000
Sales at retail: $165,000

The year-end inventory showed $95,000 worth of merchandise available at retail prices. What is the cost of the ending inventory? Round your cost-to-retail ratio to a whole percentage number.

$44250

$44075

$44525

$45025

$43700