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Data related to the inventories of Kimzey Medical Supply are presented below. Surgical Surgical Equipment Supplies Rehab Equipment Rehab Supplies Selling price $305 $165

Data related to the inventories of Kimzey Medical Supply are presented below. Surgical Surgical Equipment Supplies Rehab Equipment Rehab Supplies Selling price $305 $165 $385 $210 Cost 215 135 295 207 Replacement cost 285 125 280 203 Costs to sell 48 14 34 28 Normal gross profit ratio 30% 30% 30% 20% In applying the lower of cost or market rule, the inventory of rehab supplies would be valued at Multiple Choice $140. $182 $203. $207

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