Please show work #9

9. At year-end, Apogee Group has 220 printers available for sale. These printers cost $150 each. The estimated selling price of each printer is $165 and the related costs of disposal is $25 per unit. If Apogee uses LCNRV, on a per-unit basis, what is the net realizable value? a. $ 165 b. $ 150 C. $ 145 d. $ 140 10. Delighted signs a purchase commitment for $15,000. At year end, market value is $10,000, so Delighted records the appropriate journal entries. If, when the goods are delivered the following year the market value has declined to $8,000, what journal entry should Delighted record? a. Inventory 8,000 Loss on Purchase Commitment 7,000 Cash 15,000 b. Inventory 15,000 Cash 15,000 C. Inventory 8,000 Estimated Liability on Purchase Commitment 5,000 Loss on Purchase Commitment 2,000 Cash 15,000 d. None of the above