eBook Calculator Print Item Lower-of-Cost-or-Market Inventory Data on the physical inventory of Ashwood Products Company as of December 31 follows: Inventory Quantity Unit Market Price Description B12 38 $ 57 E41 18 180 619 33 126 188 18 550 N94 400 7 P24 90 18 R66 8 250 T33 140 20 Z16 15 752 Quantity and cost data from the last purchases invoice of the year and the next-to-the-last purchases invoice are summarized as follows: Last Next-to-the-Last Purchases Invoice Purchases Invoice Quantity Quantity Description Purchased Cost Purchased Cost Unit Unit B12 30 $ 60 30 $ 59 E41 35 178 20 180 619 20 128 25 129 L88 10 563 10 560 Check My Work 5 more Check My Work uses remaining Last eBook Calculator Print Item R66 250 T33 140 20 216 15 752 Quantity and cost data from the last purchases invoice of the year and the next to the last purchases invoice are summarized as follows: Next to-the-Last Purchases Invoice Purchases Invoice Quantity Unit Quantity Unit Description Purchased Cost Purchased Cost B12 30 $60 30 $ 59 541 35 178 20 180 619 20 128 25 129 LBB 10 563 10 560 N94 500 7 P24 80 22 21 R66 5 248 260 100 21 100 19 216 10 750 9 745 Required: Determine the inventory at cost and also at the lower of cost or market, using the first in, forst-out method. Record the appropriate unit costs on the inventory sheet, and complete the pricing of the inventory. When there are two different unit costs applicable to an item, proceed as follows: 1. Insert the quantity and unit cost of the last purchase 2. On the following live, insert the quantity and unit cost of the next to the last purchase 3. Total the cost and market columns and insert the lower of the two totals in the LCM column 500 8 4 Previous Check My Work 5 more Check My Work uses remaining Onix Understanding Weight X C Sign In or Sign Upx M Your Chegg.com Reset X c Chego Study Order Cox 588) FIFO method act X + Assignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Printem Inventory Sheet December 31 Market Value per Unit (Net Realizable Value) Description Inventory Quantity Cost Price Unit Cost Market LCM B12 38 30 $60 $57 $1,800 $1,710 59 472 456 2,272 2,16 $2,166 LEAL 18 619 33 400 90 Check My Work 5 more Check My Work uses remaining Previous Next All work saved Emainstructor Save and Ex Submit Assignment for Grading o e 454 PM R66 B T33 140 216 15 Total eBook Calculator Print Item Lower-of-Cost-or-Market Inventory Data on the physical inventory of Ashwood Products Company as of December 31 follows: Inventory Quantity Unit Market Price Description B12 38 $ 57 E41 18 180 619 33 126 188 18 550 N94 400 7 P24 90 18 R66 8 250 T33 140 20 Z16 15 752 Quantity and cost data from the last purchases invoice of the year and the next-to-the-last purchases invoice are summarized as follows: Last Next-to-the-Last Purchases Invoice Purchases Invoice Quantity Quantity Description Purchased Cost Purchased Cost Unit Unit B12 30 $ 60 30 $ 59 E41 35 178 20 180 619 20 128 25 129 L88 10 563 10 560 Check My Work 5 more Check My Work uses remaining Last eBook Calculator Print Item R66 250 T33 140 20 216 15 752 Quantity and cost data from the last purchases invoice of the year and the next to the last purchases invoice are summarized as follows: Next to-the-Last Purchases Invoice Purchases Invoice Quantity Unit Quantity Unit Description Purchased Cost Purchased Cost B12 30 $60 30 $ 59 541 35 178 20 180 619 20 128 25 129 LBB 10 563 10 560 N94 500 7 P24 80 22 21 R66 5 248 260 100 21 100 19 216 10 750 9 745 Required: Determine the inventory at cost and also at the lower of cost or market, using the first in, forst-out method. Record the appropriate unit costs on the inventory sheet, and complete the pricing of the inventory. When there are two different unit costs applicable to an item, proceed as follows: 1. Insert the quantity and unit cost of the last purchase 2. On the following live, insert the quantity and unit cost of the next to the last purchase 3. Total the cost and market columns and insert the lower of the two totals in the LCM column 500 8 4 Previous Check My Work 5 more Check My Work uses remaining Onix Understanding Weight X C Sign In or Sign Upx M Your Chegg.com Reset X c Chego Study Order Cox 588) FIFO method act X + Assignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Printem Inventory Sheet December 31 Market Value per Unit (Net Realizable Value) Description Inventory Quantity Cost Price Unit Cost Market LCM B12 38 30 $60 $57 $1,800 $1,710 59 472 456 2,272 2,16 $2,166 LEAL 18 619 33 400 90 Check My Work 5 more Check My Work uses remaining Previous Next All work saved Emainstructor Save and Ex Submit Assignment for Grading o e 454 PM R66 B T33 140 216 15 Total