Martinez Company's ending inventory includes the following items: Per unit Product Units Cost Market Helmets 34 $56 $ 52 Bats 27 $ 74 $ 80 Shoes 48 $ 93 $ 97 Uniforms 52 $ 38 $ 38 Compute the lower cost or market for ending inventory applied separately to each product.
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- A company reports the following data related to its ending inventory. Product Units Available Cost Market Baseball 100 $ 10 $ 11 Basketball 75 16 14 Football 60 14 13 Soccer ball 40 16 20 Calculate the lower-of-cost-or-market on the inventory applied separately to each product. Cost per Market per Inventory Items Units Total Cost Unit Unit Total Market LCM Applied to Items Baseball 100 $ 10 $ 11 Basketball 75 16 14 Football 60 14 13 Soccer ball 40 16 20 Total $ 0 $ 0Martinez Company's ending inventory includes the following items. Cost per Market per Unit Unit $ 57 $61 85 102 43 Product Units Helmets 29 Bats Shoes Uniforms 22 43 47 Compute the lower of cost or market for ending inventory applied separately to each product. Inventory Items Units Helmets Bats Shoes Uniforms 29 22 43 47 Per Unit Cost 79 98 43 Market 57 $ 85 102 43 61 79 98 43 $ Cost Total Market 0 $ O LCM Applied to ItemsFrom the information above, determine the amount of Bolton Company inventory.
- Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 31 $59 $ 63 24 113 81 104 100 45 45 Bats Shoes 45 Uniforms 49 Compute the lower of cost or market for ending inventory applied separately to each product. Inventory Items Units Helmets Bats Shoes Uniforms 31 24 45 49 Per Unit Cost Market $ 59 $ 63 113 81 104 100 45 45 Cost Total Market LCM Applied to ItemsThe following data refer to the Froning Company's ending inventory: Item Code Quantity Unit Cost Unit Market LXC 60 $ 45 $ 48 KWT 210 38 34 MOR 300 22 20 NES 100 27 32 Required: Calculate the value of the company's Ending Inventory by using the lower-of-cost-or-market method applied to each item of inventory.A company has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product Market per Cost per Product Quantity Unit Unit Product A 10 $ 712 $ 682 Product B 15 $ 512 $ 552 Product C 20 $ 662 $ 687 Multiple Choice $1,921. $27,740. $1,886. O $28,040. ว $28,840.
- Martinez Company's ending inventory includes the following items: Per Unit Product Units Cost Market Helmets 34 $56 $52 Bats 27 74 80 Shoes 48 93 97 Uniforms 52 38 38 Compute the lower of cost or market for ending inventory applied separately to each product.The following data refer to Brompton Company's ending inventory: Item Code Quantity Unit Cost Unit Market Value Small 100 $ 250 $246 Medium 400 150 145 Large 600 170 162 Extra-Large 250 265 270 What is the ending inventory balance if the lower cost or net realisable(realizable) value rule is applied to each item of inventory? A) $248,050 B) $246,050 C) $253,250 D) $252,850Novak Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual item basis. Cost Item Qua No. Cost to Per ntity Replace Estimated Selling Price Cost Completion and Disposal Normal Profit Unit 1320 1,600 $ 3.42 $ 3.21 $ 4.82 $ 0.37 $ 1.34 1333 1,300 2.89 2.46 3.75 0.54 0.54 1426 1,200 4.82 3.96 5.35 0.43 1.07 1437 1,400 3.85 3.32 3.42 0.27 0.96 1510 1,100 3.85 3.32 3.42 0.27 0.96 1522 3,400 1.93 1.71 2.68 0.80 0.54 1573 3,400 1.93 1.71 2.68 0.80 0.54 1626 1,400 5.03 5.56 6.42 0.54 1.07 From the information above, determine the amount of Novak Company inventory
- The following data refer to Jacket Company’s ending inventory: Item code Quantity Unit Cost Unit Market Small 100 $114 $116 Medium 420 76 88 Large 600 84 88 Extra-Large 220 134 128 How much is the inventory if the lower of cost or market rule is applied to each item of inventory? Group of answer choices A) $126,320 B) $121,880 C) $132,720 D) None of the aboveMartinez Company's ending inventory includes the following items. Cost per Market per Product Helmets Bats Units Unit Unit 29 $ 57 $ 61 22 85 79 Shoes 143 98 Uniforms 47 43 102 43 Compute the lower of cost or market for ending inventory applied separately to each product. Per Unit Total Inventory Items Units LCM Applied to Items Cost Market Cost Market Helmets 29 $ 57 $ 61 Bats 22 85 179 Shoes 43 102 98 Uniforms 47 43 43Give answer