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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 $260 $100 $340
Data related to the inventories of Costco Medical Supply are presented below:
Surgical Equipment | Surgical Supplies | Rehab Equipment | Rehab Supplies | |
Selling price | $260 | $100 | $340 | $165 |
Cost | 170 | 90 | 250 | 162 |
Costs to sell | 30 | 15 | 25 | 10 |
In applying the lower of cost and net realizable value rule, the inventory of rehab equipment would be valued at:
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