Question
Data related to the inventories of Costco Medical Supply are presented below: Surgical Equipment Surgical Supplies Rehab Equipment Rehab Supplies Selling price $ 269 $
Data related to the inventories of Costco Medical Supply are presented below:
| Surgical Equipment | Surgical Supplies | Rehab Equipment | Rehab Supplies | ||||||||||||
| Selling price | $ | 269 | $ | 138 | $ | 347 | $ | 147 | |||||||
| Cost | 152 | 104 | 269 | 144 | |||||||||||
| Costs to sell | 29 | 12 | 30 | 10 | |||||||||||
In applying the lower of cost or net realizable value rule, the inventory of surgical equipment would be valued at:
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Core Concepts Of Information Technology Auditing
Authors: James E Hunton, Stephanie M Bryant, Nancy A Bagranoff
1st Edition
0471222933, 9780471222934
