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(TCO 8) Data related to the inventories of Costco Medical Supply is presented below: SurgicalSurgical Rehab Rehab Equipment Supplies Equipment Supplies $165 162 158 $260
(TCO 8) Data related to the inventories of Costco Medical Supply is presented below: SurgicalSurgical Rehab Rehab Equipment Supplies Equipment Supplies $165 162 158 $260 170 240 $120 90 80 $340 250 235 Selling price Cost Replacement cost Disposal cst Normal gross profit ratico 10 30 30% 25 30% 30% 20% In applying the LCM rule, the inventory of surgical supplies would be valued at $115. O $90. $80. O $69
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