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Data related to the inventories of Costco Medical Supply are presented below: Surgical Equipment Surgical Supplies Rehab Equipment Rehab Supplies Selling price $ 278 $
Data related to the inventories of Costco Medical Supply are presented below:
Surgical Equipment | Surgical Supplies | Rehab Equipment | Rehab Supplies | ||||||||||||
Selling price | $ | 278 | $ | 133 | $ | 344 | $ | 150 | |||||||
Cost | 169 | 92 | 264 | 144 | |||||||||||
Costs to sell | 11 | 8 | 30 | 13 | |||||||||||
In applying the lower of cost or net realizable value rule, the inventory of surgical equipment would be valued at:
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