Acompany has the following per unit original costs and replacement costs for its inventory: part a: 5 units with a cost of $5, and replacement cost of $4.00 part b: 10 units with a cost of $6, and replacement cost of $7.00 part c: 10 units with a cost of $3, and replacement cost of $2.00 using the lower of cost or market method applied to the individual items, the total value of this company's ending inventory is:
(a) $100.00
(b) $125.00
(c) $110.00.
(d) $115.00.
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Ответ:
Option (A) is correct.
Explanation:
Part A:
Cost = No. of units × cost per unit
= 5 × $5
= $25
Replacement cost = No. of units × cost per unit
= 5 × $4
= $20
Value to be recognized = $20
Part B:
Cost = No. of units × cost per unit
= 10 × $6
= $60
Replacement cost = No. of units × cost per unit
= 10 × $7
= $70
Value to be recognized = $60
Part C:
Cost = No. of units × cost per unit
= 10 × $3
= $30
Replacement cost = No. of units × cost per unit
= 10 × $2
= $20
Value to be recognized = $20
Therefore,
Value of Ending inventory = Sum of recognized value of all the three parts
= $20 + $60 + $20
= $100
Hence, the total value of this company's ending inventory is $100.
Ответ:
im srry i cant
Explanation: