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Data related to the inventories of Costco Medical Supply are presented below: Selling price Cost Costs to sell Surgical Equipment $260 170 30 Surgical Supplies
Data related to the inventories of Costco Medical Supply are presented below: Selling price Cost Costs to sell Surgical Equipment $260 170 30 Surgical Supplies $100 90 15 Rehab Equipment $340 250 25 Rehab Supplies $165 162 10 In applying the lower of cost or net realizable value rule, the inventory of surgical equipment would be valued at: Multiple Choice O $240. O O $152. O $170. O $230. Shown below is activity for one of the products of Denver Office Equipment: January 1 balance, 640 units @ $50 per unit $32,000 Purchases: January 640 units @ $50 per unit 10: January 1,120 units @ $57 per unit 20: Sales: January 800 units 12: January 780 units 28: Required: Compute the January 31 ending inventory and cost of goods sold for January, assuming Denver uses average cost and a perpetual inventory system. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Ending inventory Cost of goods sold
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