Chapter 16, Problem 16.11P

Please give me correct options accounting questions

Using lower of cost or market rule, what is the total valuation for each inventory item and the total inventory valuation? Item Quantity on Unit cost when acquired Replacement a. 100 $ 40.00 $ 35.00 b. 150 $ 50.00 $ 52.00 C. 25 $ 100.00 $ 80.00 300 $ 60.00 $ 62.00 e. 700 $ 15.00 $ 12.00 Subject:- Accounting

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