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Case-Me-I'm Irish Company sells cases for smartphones and notepad computers. The company uses the LIFO method for costing inventory. Case-Me-I'm-Irish groups inventory by the
Case-Me-I'm Irish Company sells cases for smartphones and notepad computers. The company uses the LIFO method for costing inventory. Case-Me-I'm-Irish groups inventory by the device manufacturer for which the case is made in its LCM computations. Case-Me- I'm-Irish provided the following information regarding inventory at the end of the current year. (Click the icon to view the data.) Read the requirements. (Click the icon to view the abbreviation definitions.) Complete the table below to identify the market value per unit amounts for each product, the total cost amounts, and the total market value amounts. Cost per Market Group No. Manufacturer No. of Units Unit Total Cost per Unit Total Market Smartphone case General Tech 350 $ 9 $ 3,150 $ 11 $ 3,850 Notepad case General Tech 750 20 15,000 17 12,750 Subtotal-General Tech 18,150 16,600 Smartphone case Pacific Base 700 11 $ 7,700 8 $ 5,600 Notepad case Pacific Base 650 18 11,700 14 9,100
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