Laker corporate

Laker Corporation sells three different products. The following information is available on Decemb 31: Inventory Item Units 200 400 1,000 Cost per unit Market value per unit $3.50 $1.50 $4.00 $2.00 $3.00 When applying the lower of cost or market rule to each item, what will Laker's total ending inventory balance be? 4,300 4,400 O 5,300 4,600 24 Question 25 (1 point) Swan Company had the following transactions during 2016 Sales of $10,800 on account MacBook Air 17 DOD FA 8898