Old MathJax webview

Data related to the inventories of Mountain Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Normal gross profit ratio Skis $188,000 132,000 128, 000 20% 30% Boots $158,000 137,000 130, 800 20% 30% Apparel $128, 000 94, 000 118,000 20% 25% Supplies $68,000 52,000 58,000 10% 25% In applying the lower of cost or market rule, the inventory of supplies would be valued at: Data related to the inventories of Mountain Ski Equipment and Supplies is presented below. Selling price Cost Replacement cost Sales commission Normal gross profit ratio skis $188,000 132,000 128,000 20% 30% Boots $158,000 137,000 130, 800 20% 3092 Apparel $128,000 94,000 118,000 20% 25% Supplies $68,000 52,000 58,000 10% 25% In applying the lower of cost or market rule, the inventory of supplies would be valued at: Multiple Choice 544.200 551.200 0 553.030 552.000 Data related to the inventories of Mountain Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Normal gross profit ratio Skis $188,000 132,000 128, 000 20% 30% Boots $158,000 137,000 130, 800 20% 30% Apparel $128, 000 94, 000 118,000 20% 25% Supplies $68,000 52,000 58,000 10% 25% In applying the lower of cost or market rule, the inventory of supplies would be valued at: Data related to the inventories of Mountain Ski Equipment and Supplies is presented below. Selling price Cost Replacement cost Sales commission Normal gross profit ratio skis $188,000 132,000 128,000 20% 30% Boots $158,000 137,000 130, 800 20% 3092 Apparel $128,000 94,000 118,000 20% 25% Supplies $68,000 52,000 58,000 10% 25% In applying the lower of cost or market rule, the inventory of supplies would be valued at: Multiple Choice 544.200 551.200 0 553.030 552.000