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Cost per Market Group No. Manufacturer No. of Units Unit Total Cost per Unit Total Market Smartphone case General Tech 900 $4 $3,600 $10 $9,000

Cost per

Market

Group No.

Manufacturer

No. of Units

Unit

Total Cost

per Unit

Total Market

Smartphone case

General Tech

900

$4

$3,600

$10

$9,000

Notepad case

General Tech

600

18

10,800

17

10,200

Subtotal - General Tech

$14,400

$19,200

Smartphone case

Pacific Base

650

10

$6,500

7

$4,550

Notepad case

Pacific Base

350

17

5,950

20

7,000

Subtotal - Pacific Base

$12,450

$11,550

Total

$26,850

$30,750

Requirement b. Conduct a lower-of-cost-or-market test for

CaseitUp

assuming that it uses the individual-item approach for LCM computations. (Enter a "0" if no LCM loss adjustment is required.)

Assuming Case-it-Up uses the individual-item approach for LCM computations, it will record a

loss adjustment.

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