^same question

Epic Electronics Company sells three lines of desks. Information about the inventory of desks as of the end of the year is as follows. If the lower of cost or market/NRV rule is applied, to each product line individually, what is the amount of the inventory write-down that Epic Electronic's must make? Product Line Rustic Mediterranean Contemporary Cost per Unit $710 610 960 Market Value per Unit $745 625 840 Quantity 210 320 285 $12.150 $14.700 $34,200 $22,050 Help Save & The gross profit percentage: Multiple Choice measures the percentage of profit earned on each dollar of sales. is an indication of how well management is controlling expenses. O is an indication of how efficient management is in utilizing assets. measures how much cash is generated per dollar of sales