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Data related to the Inventories of Kimzey Medical Supply are presented below Surgical Equipment Surgical Suppies Rehab Supplies $260 $120 Rehab Equipment $340 250 $165

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Data related to the Inventories of Kimzey Medical Supply are presented below Surgical Equipment Surgical Suppies Rehab Supplies $260 $120 Rehab Equipment $340 250 $165 179 Selling price Cost Replacement cost Costs to sell Normal gross profitratto 200 5 30% 30% 30% Calculate the ending Inventory using the lower of cost or market rule assuming the valuation method is applied to each inventory hom. Prepare the necessary jumal entry to be recorded For the toolbar, press ALT+F 10 (PC) or ALTFN+F 10 (Mac) TTT Anal (121) T

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