Farwell Company sells three different categories of tools (small, medium and large). The cost and market value of its inventory of tools are as follows. Cost Market Small $ 87,040 $82,960 Medium $ 3,94,400 $ 3,53,600 Large $2,06,720 $2,27,120 Determine the value of the company's inventory under the lower-of- cost-or-market approach.
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- Cody Company sells three different categories of tools (small, medium, and large). The cost and market value of its inventory of tools are as follows: Cost Market Small Medium $ 64,000 $ 73,000 2,90,000 2,60,000 Large 1,52,000 1,71,000 Determine the value of the company's inventory under the lower-of-cost-or-market approach. Note: general account question answer it short and simpleNovak Corp. sells three different categories of tools (small, medium, and large). The cost and net realizable value of its inventory of tools are as follows. Net Realizable Cost Value Small $ 64,000 $61,100 Medium 290,000 260,800 Large 152,700 170,700 Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach. Total inventory value $Blossom Company sells three different categories of tools (small, medium, and large). The cost and net realizable value of its inventory of tools are as follows. Net Realizable Cost Value Small $63,300 $59,600 Medium 289,600 261,000 Large 151,300 172,500 Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach. Total inventory value $
- GENERAL ACCOUNT Moberg Company sells three different categories of tools (small, medium, and large). The cost and market value of its inventory of tools are as follows. Cost Market Value Small $ 63,000 $ 74,000 Medium 2,80,000 2,70,000 1,81,000 Large 1,62,000 Determine the value of the company's inventory under the lower-of-cost or market value approach.Subject. general accountNote: general account
- Question - Company sells three different categories of tools (small, medium, and large). The cost and market value of its inventory of tools is as follows. Cost Market Value Small $ 63,200 $ 72,000 Medium 2,89,400 2,60,800 Large 1,52,100 1,72,800 Determine the value of the company's inventory under the lower-of- cost-or-market value approach.give answer for this account querySubject = General Account
- Wildhorse Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date 1/1 2/4 4/2 11/4 Transaction 2/20 Sale (a) Beginning inventory Purchase Purchase Sale Quantity Price/Cost 2,800 Your answer is incorrect. 3,800 eTextbook and Media 4,300 4,800 4,000 Weighted-average cost per unit $ $17 26 43 33 Calculate the weighted-average cost per unit. (Round answer to 4 decimal places, e.g. 2.7613.) 48Ehlo Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 5,300 $25 2/4 Purchase 5,100 27 7,250 5,250 4,100 8,200 2/20 Sale 4/2 Purchase 7/17 Purchase 11/4 Sale 28 30 Compute cost of goods sold, assuming Ehlo uses: (a) Periodic system, FIFO cost flow (b) Perpetual system, FIFO cost flow (c) Periodic system, LIFO cost flow (d) Perpetual system, LIFO cost flow (e) Periodic system, weighted-average cost flow (f) Perpetual system, moving-average cost flow Cost of goods sold tA LA ta LA LA APlease help me