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At year end, Curiz, Inc.'s inventory consists of 390 bottles of Cleanz at $2 per bottle and 290 boxes of Dyez at $12 per box.

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At year end, Curiz, Inc.'s inventory consists of 390 bottles of Cleanz at $2 per bottle and 290 boxes of Dyez at $12 per box. Market values are $2.30 per bottle for CleanZ and $10 per box for Dyez. Curlz should report its inventory at: Multiple Choice 0 $4,377. 0 $3,680. O $3,797. O $4,260 A company had been selling its product for $30 per unit, but recently lowered the selling price to $20 per unit. The company's current inventory consists of 225 units purchased at $26 per unit. The market value of this inventory is currently $ $18 per unit. At what amount should the company's inventory be reported on the balance sheet? Multiple Choice $6,750 $4,500 $5,850 $4,050 Maxell Company uses the FIFO method to assign costs to inventory and cost of goods sold. The company uses a periodic inventory system. Consider the following information: Cost per unit $41 Date January 1 June 2 November 5 Description Beginning inventory Purchase Sales # of units 260 70 270 $3 What amounts would be reported as the cost of goods sold and ending inventory balances for the year? Multiple Choice Cost of goods sold $1,110; Ending inventory $210 Cost of goods sold $1,010; Ending inventory $240 Cost of goods sold $1,080; Ending inventory $100 Cost of goods sold $1070; Ending inventory $180

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