C 99 d 107 c 115 d 123 c 131 a multiple choice

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91.c99.d107.c115.d123.c131.aMULTIPLE CHOICE—Computational (chapter 9)68.Oslo Corporation has two products in its ending inventory, each accounted for at thelower of cost or market. A profit margin of 30% on selling price is considered normal foreach product. Specific data with respect to each product follows:Product #1Product #2Historical cost$20.00$35.00Replacement cost22.5027.00Estimated cost to dispose5.0013.00Estimated selling price40.0065.00In pricing its ending inventory using the lower-of-cost-or-market, what unit values shouldOslo use for products #1 and #2, respectively?a.$20.00 and $32.50.b.$23.00 and $32.50.c.$23.00 and $30.00.d.$22.50 and $27.00.
69.Muckenthaler Company sells product 2005WSC for $40 per unit. The cost of one unit of2005WSC is $36, and the replacement cost is $35. The estimated cost to dispose of aunit is $8, and the normal profit is 40%. At what amount per unit should product2005WSC be reported, applying lower-of-cost-or-market?
70.Lexington Company sells product 1976NLC for $60 per unit. The cost of one unit of1976NLC is $54, and the replacement cost is $52. The estimated cost to dispose of aunit is $12, and the normal profit is 40%. At what amount per unit should product1976NLC be reported, applying lower-of-cost-or-market?
71.Given the acquisition cost of product Z is $80, the net realizable value for product Z is$72, the normal profit for product Z is $6, and the market value (replacement cost) forproduct Z is $75, what is the proper per unit inventory price for product Z?
72.Given the acquisition cost of product ALPHA is $34, the net realizable value for productALPHA is $33.50, the normal profit for product ALPHA is $2.50, and the market value(replacement cost) for product ALPHA is $29.50, what is the proper per unit inventoryprice for product ALPHA?a.$34.00.b.$31.00c.$29.50.d.$33.50.
73.Given the acquisition cost of product Dominoe is $29, the net realizable value for productDominoe is $26, the normal profit for product Dominoe is $3, and the market value(replacement cost) for product Dominoe is $27, what is the proper per unit inventoryprice for product Dominoe?
74.Given the historical cost of product Z is $40, the selling price of product Z is $50, costs tosell product Z are $6, the replacement cost for product Z is $41, and the normal profitmargin is 40% of sales price, what is the market value that should be used in the lower-of-cost-or-market comparison?

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