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Question 9 Swifty Corporation sells six different products. The following information is available on December 31: Units 45 15 Inventory item Tin Titanium Stainless steel

Question 9

Swifty Corporation sells six different products. The following information is available on December 31: Units 45 15 Inventory item Tin Titanium Stainless steel Aluminum Iron Fiberglass Cost per unit Market value per unit $380 $385 3800 3760 1520 1450 Estimated selling price $390 3880 1500 220 60 270 215 30 300 230 310 225 325 225 When applying the lower of cost or market rule to each item, what will Swifty total ending inventory balance be? $197400 $189150 $189675 $189550

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