Bramble Company uses the LCM method, on an individual-item basis, in pricing its inventory items because it uses LIFO to value its inventory. The inventory at December 31, 2025, consists of products D, E, F, G, H, and I. Relevant per-unit data for these products appear below. Estimated selling price Cost Replacement cost Estimated selling expense Normal profit tem D em E mH em F mG SA $ $ $ Item D $276 173 276 69 46 Item E $253 184 166 69 46 Item F $219 184 161 69 46 Item G $207 184 69 58 46 Item H $253 115 161 Using the LCM rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2025, for each of the inventory items above. 69 46 Item 1 $207 83 69 69 46
Bramble Company uses the LCM method, on an individual-item basis, in pricing its inventory items because it uses LIFO to value its inventory. The inventory at December 31, 2025, consists of products D, E, F, G, H, and I. Relevant per-unit data for these products appear below. Estimated selling price Cost Replacement cost Estimated selling expense Normal profit tem D em E mH em F mG SA $ $ $ Item D $276 173 276 69 46 Item E $253 184 166 69 46 Item F $219 184 161 69 46 Item G $207 184 69 58 46 Item H $253 115 161 Using the LCM rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2025, for each of the inventory items above. 69 46 Item 1 $207 83 69 69 46
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bramble Company uses the LCM method, on an individual-item basis, in pricing its inventory items
because it uses LIFO to value its inventory. The inventory at December 31, 2025, consists of
products D, E, F, G, H, and I. Relevant per-unit data for these products appear below.
Estimated selling
price
Cost
Replacement cost
Estimated selling
expense
Normal profit
Item D
Item E
Item F
Item G
Item H
$
59
$
$
Item D
$276
173
276
69
46
Item E
$253
184
166
69
46
Item F
$219
184
161
69
46
Item G
$207
184
69
58
46
Item H
Chitswese
$253
Using the LCM rule, determine the proper unit value for balance sheet reporting purposes at
December 31, 2025, for each of the inventory items above.
115
161
69
46
Item I
$207
83
69
69
46
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