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Data related to the inventories of Costco Medical Supply are presented below: Surgical Surgical Equipment Supplies Rehab Equipment Rehab Supplies Selling price Cost $265 $129

Data related to the inventories of Costco Medical Supply are presented below: Surgical Surgical Equipment Supplies Rehab Equipment Rehab Supplies Selling price Cost $265 $129 $339 $145 170 96 287 137 Costs to sell 15 13 19 15 In applying the lower of cost or net realizable value rule, the inventory of rehab equipment would be valued at: Multiple Choice $320. $235. $287. $268

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