Question
Data related to the inventories of Costco Medical Supply are presented below: Surgical Surgical Rehab Rehab Equipment Supplies Equipment Supplies Selling price $ 260 $
Data related to the inventories of Costco Medical Supply are presented below:
|
| Surgical |
| Surgical |
| Rehab |
| Rehab | |||||||||
|
| Equipment |
| Supplies |
| Equipment |
| 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 or net realizable value rule on an individual item basis, the inventory of rehab supplies would be valued at:
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
