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Data related to the inventories of Taco Supply is represented below. Taco trucks Taco stands Cost 300,000 120,000 Replacement cost 120,000 110,000 Selling price 250,000
Data related to the inventories of Taco Supply is represented below. Taco trucks Taco stands Cost 300,000 120,000 Replacement cost 120,000 110,000 Selling price 250,000 230,000 Sales Commission 10% 10% Gross Profit 50% 50% Taco shells Taco cheese 100,000 90,000 90,000 110,000 220,000 240,000 10% 10% 50% 50% 21. In applying the LCM rule to individual items, what is the value of ending inventory? A. None of these. B. $410,000. C. $420,000. D. $430,000. E. $535,000
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