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ma Saved Help Save & Exit On April 1, a company purchased two units of inventory A and B. The cost of unit A was
ma Saved Help Save & Exit On April 1, a company purchased two units of inventory A and B. The cost of unit A was $655, and the cost of unit B was $550. On April 30, the company had not sold the inventory. The net realizable value of unit A was now $675 while the net realizable value of unit was $460. The adjustment associated with the lower of cost and net realizable value on April 30 will be: 70 70 70 1. Cost of Goods Sold Inventory 2. Inventory Cost of Goods Sold 3. Cost of Goods Sold Inventory 4. Inventory Cost of Goods Sold 70 90 90 90 90 Multiple Choice Option 2 Option1 Option 4
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