Assume in each case that the selling expenses are $8 per unit and that the normal profit is $4 per unit. Calculate the limits for each case. Then enter the amount that should be used for lower of cost or market Selling Price Replacement Cost Upper Limit Lower Limit Cost LCM (a) $58 $40 S $47 $ (b) 44 34 39 55 40 41 (d) 45 38 36 Save for later Attempts: 0 of 1 used Submit Answer Sunland Inc had beginning inventory of $11,700 at cost and $20,700 at retail. Net purchases were $102,126 at cost and $155,700 at retail. Net markups were $10.200, net markdowns were 57 400, and sales revenue was $138,600. Compute ending Inventory at cost using the conventional retail method (Round ratios for computational purposes to decimal places, eg. 78% and final answer to decimal places, eg. 28,987.) Ending inventory using the conventional retail method $ Save for later Attempts: 0 of 1 used Submit Answer Crane Corporation's April 30 inventory was destroyed by fire, January 1 inventory was $150,100, and purchases for January through April totaled $492.200. Sales revenue for the same period was $658200 Crane's normal gross proht percentage is 25% on sales Using the gross proft method, estimate Crane's April 30 inventory that was destroyed by fire Estimated ending inventory destroyed in fire $