presented below Skis Boots Apparel $101,000 Supplies $75,000 48,750 Selling price $170,000 147,000 $148,000 Cost 148,000 65,650 Replacement cost 116,000 129,000 10% 85,650 44,750 Sales commission 10% 10% 10% In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at Multiple Choice $96,200. $133.200. O S129,00o. $148,000
presented below Skis Boots Apparel $101,000 Supplies $75,000 48,750 Selling price $170,000 147,000 $148,000 Cost 148,000 65,650 Replacement cost 116,000 129,000 10% 85,650 44,750 Sales commission 10% 10% 10% In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at Multiple Choice $96,200. $133.200. O S129,00o. $148,000
Chapter5: Process Costing
Section: Chapter Questions
Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...
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![Data related to the inventories of Alpine Ski Equipment and Supplies is presented below:
Skis
Boots
Supplies
$75,000
Apparel
Selling price
$170,000
$148,000
$101,000
Cost
147,000
148,000
65,650
48,750
Replacement cost
116, 000
129,000
85,650
44,750
Sales commission
10%
10%
10%
10%
In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at
Multiple Choice
$96,200.
$133.200.
O S129,000o.
$148,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffc26ca20-6e63-4707-95c0-ed357209f28c%2F1309058a-d431-457b-80cf-4f626819c948%2Fwnkq63_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Data related to the inventories of Alpine Ski Equipment and Supplies is presented below:
Skis
Boots
Supplies
$75,000
Apparel
Selling price
$170,000
$148,000
$101,000
Cost
147,000
148,000
65,650
48,750
Replacement cost
116, 000
129,000
85,650
44,750
Sales commission
10%
10%
10%
10%
In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at
Multiple Choice
$96,200.
$133.200.
O S129,000o.
$148,000
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