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Please answer all the wuestions correctly. Thank you in advance. 1 Data related to the inventories of Costco Medical Supply are presented below. Surgical Surgical
Please answer all the wuestions correctly. Thank you in advance.
1 Data related to the inventories of Costco Medical Supply are presented below. Surgical Surgical Rehab Rehab Equipment Supplies Equipment Supplies Selling price $273 $ 136 $337 $154 Cost 159 94 287 150 Costs to sell 15 13 15 11 42 points 02:56:40 In applying the lower of cost or net realizable value rule, the inventory of rehab equipment would be valued at: 4 Benny's Bed Co. uses a periodic inventory system and the average cost retall method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of September 2021 42 points Cost Retail $ 34,000 $ 54,000 145,000 240,000 19,000 8,000 212,000 Beginning inventory Net purchases Net markups Net markdowns Net sales 8 02:5145 The average cost-to-retail percentage (rounded) is: 5 Data related to the inventories of Costco Medical Supply are presented below. Surgical Surgical Rehab Rehab Equipment Supplies Equipment Supplies Selling price $260 $136 $343 $156 Cost 150 129 251 151 Costs to sell 13 21 23 12 42 points 8 02:5126 In applying the lower of cost or net realizable value rule, the inventory of surgical supplies would be valued at 6 Marilee's Electronics uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of June 2021: 42 points Beginning inventory Net purchases Net markups Net markdowns Net sales Cost Retail $107,500 $141,000 343,000 555,000 30,500 46,000 575,000 02.5tos The average cost-to-retail percentage is: 7 Data related to the inventories of Alpine Ski Equipment and Supplies is presented below. Skis $162,000 139,000 130,000 10% Selling price Cost Replacement cost Sales commission 42 Boots $164,000 140,000 129,000 10% Apparel $118,000 82,600 102,600 10% Supplies $77,000 50,050 46,050 10% points 02:50-50 In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at Data related to the inventories of Costco Medical Supply are presented below: 8 42 points Selling price Cost Costs to sell Surgical Surgical Equipment Supplies $272 $131 163 93 15 5 Rehab Rehab Equipment Supplies $342 $161 254 159 35 9 8 02:5035 In applying the lower of cost or net realizable value rule, the inventory of surgical equipment would be valued at Step by Step Solution
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