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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 $272 $135 $342
Data related to the inventories of Costco Medical Supply are presented below: |
Surgical Equipment | Surgical Supplies | Rehab Equipment | Rehab Supplies | |
Selling price | $272 | $135 | $342 | $153 |
Cost | 151 | 103 | 256 | 153 |
Costs to sell | 18 | 10 | 18 | 7 |
In applying the lower of cost and net realizable value rule, the inventory of rehab supplies would be valued at:
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