Data related to the inventories of Costco Medical Supply are presented below Surgical Rehab Equipment Equipment $ 343 250 30 Selling price Cost Costs to sell Mutiple Choice 000 $196 $ 268 164 12 In applying the lower of cost or net realizable value rule, the inventory of surgical equipment would be valued at 3:49 Surgical Supplies $ 122 105 10 Rehab Supplies $ 162 159 10

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Data related to the Inventories of Costco Medical Supply are presented below.
Rehab
Equipment
$ 343
250
Selling price
Cost
Costs to sell
Multiple Choice
O
O
In applying the lower of cost or net realizable value rule, the inventory of surgical equipment would be valued at
O
$198.
$164
$180
Surgical
Equipment
$ 268
164
12
$149
Surgical
Supplies
$ 122
105
10
30
Rehab
Supplies
$ 162
159
10
Transcribed Image Text:Data related to the Inventories of Costco Medical Supply are presented below. Rehab Equipment $ 343 250 Selling price Cost Costs to sell Multiple Choice O O In applying the lower of cost or net realizable value rule, the inventory of surgical equipment would be valued at O $198. $164 $180 Surgical Equipment $ 268 164 12 $149 Surgical Supplies $ 122 105 10 30 Rehab Supplies $ 162 159 10
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