TechMax Systems normally sells its graphic cards for $70 per unit. However, the market price has dropped to $50 per unit. The company's current inventory consists of 500 units purchased at $60 per unit. The replacement cost has now fallen to $48 per unit. Calculate the value of Tech Max Systems' inventory at the lower of cost or market. A. $24,000 B. $25,000 C. $30,000 D. $35,000
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- A company normally sells it products for $20 per unit, which includes a profit margin of 25%. However, theselling price has fallen to $15 per unit. This company's current inventory consists 200 units purchased at $16per unit. Replacement cost has now fallen to $13 per unit. Calculate the value of inventory at the lower ofcost or market.a. $2,550.b. $2,600.c. $2,700.d. $3,000.e. $3,200.A company's normal selling price for its product is $30 per unit. However, due to market competition, the selling price has fallen to $25 per unit. This company's current FIFO inventory consists of 100 units purchased at $26 per unit. Net realizable value has fallen to $23 per unit. Calculate the value of this company's inventory at the lower of cost or market.A company s normal selling price for its product is $25 per unit. However, due to market competition, the selling price has fallen to $20 per unit. This company's current inventory consists of 150 units purchased at $21 per unit. Replacement cost has fallen to $18 per unit. Calculate the value of this company's inventory at the lower of cost or market.[General Account]
- A company's normal selling price for its product is $30 per unit. However, due to market competition, the selling price has fallen to $25 per unit. This company's current FIFO inventory consists of 100 units purchased at $26 per unit. Net realizable value has fallen to $23 per unit. Calculate the value of this company's inventory at the lower of cost or market.(General Account)A company's normal selling price for its product is $26 per unit. However, due to market competition, the selling price has fallen to $21 per unit. This company's current FIFO inventory consists of 260 units purchased at $22 per unit. Net realizable value has fallen to $19 per unit. Calculate the value of this company's inventory at the lower of cost or market. Multiple Choice $4,890. $5,720. $5,040. $5,460. $4.940.A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's current FIFO inventory consists of 200 units purchased at $16 per unit. Net realizable value has now fallen to $13 per unit. What is the amount of the lower cost of market adjustment the company must make as a result of this decline in value?
- A company normally sells its product for $20 per unit. This company's current inventory consists of 200 units purchased at $16 per unit. Replacement cost has now fallen to $13 per unit. Calculate the value of this company's inventory at a lower cost or market. A) $2,550 B) $2,600 C) $3,000 D) $3,200A company normally sells its product for $25 per unit. This company's current inventory consists of 250 units purchased at $18 per unit. Replacement cost has now fallen to $15 per unit. Calculate the value of this company's inventory at a lower cost or market.Ekor bakery sells doughnut. The annual demand is 10,000 per year. The ordering cost is $21, and holding cost is $3. If the demand exceeds the inventory, Ekor has two types of costs associated with the backorder. The loss of goodwill is $O.1 per unit short, and a "bookkeeping" cost of $0.3 per unit short per year. Calculate: economic order quantity, maximum acceptable inventory, cycle time, and minimal total annual average cost. Suppose the doughnuts are sold in packages of 150 units each. How many packages should sell? (Hint: Sensitivity of EOQ).
- company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's current FIFO inver onsists of 200 units purchased at $16 per unit. Net realizable value has now fallen to $13 per unit. What is the amount of the lower cost of m djustment the company must make as a result of this decline in value? Multiple Choice $1,000. $1,400. $400. $800.A company's normal selling price for its product is $29 per unit. However, due to market competition, the selling price has fallen to $24 per unit. This company's current Inventory consists of 235 units purchased at $25 per unit. Replacement cost has fallen to $22 per unit. Calculate the value of this company's Inventory at the lower of cost or market.One of the products that Justine Corporation sells is “Extra Soft” floor mats. Justine’s ordering costs related to the mat is P12.50 per order. The cost of carrying one mat for one year is P16.00. Justine sells 40, 000 of these mats evenly throughout the year. 1. If, instead of following the EOQ, the company decided to place an order of 200 units per order, how much will be the total inventory cost?