Given the historical cost of product Z is 160 the selling price of product Z is

Given the historical cost of product z is 160 the

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74.Given the historical cost of product Z is $160, the selling price of product Z is $190, coststo sell product Z are $21, the replacement cost for product Z is $166, 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? a.$160.b.$169.c.$166.d.$ 93.9 - 16
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Inventories: Additional Valuation Issues 75.Given the historical cost of product Z is $160, the selling price of product Z is $19, costs tosell product Z are $21, the replacement cost for product Z is $166, and the normal profitmargin is 40% of sales price, what is the amount that should be used to value theinventory under the lower-of-cost-or-market method? 76.Given the historical cost of product Dominoe is $65, the selling price of product Dominoeis $90, costs to sell product Dominoe are $16, the replacement cost for product Dominoeis $60, and the normal profit margin is 20% of sales price, what is the cost amount thatshould be used in the lower-of-cost-or-market comparison? 77.Given the historical cost of product Dominoe is $65, the selling price of product Dominoeis $90, costs to sell product Dominoe are $16, the replacement cost for product Dominoeis $60, and the normal profit margin is 20% of sales price, what is the amount that shouldbe used to value the inventory under the lower-of-cost-or-market method? 78.Robust Inc. has the following information related to an item in its ending inventory. Product66 has a cost of $6,500, a replacement cost of $6,100, a net realizable value of $6,200,and a normal profit margin of $400. What is the final lower-of-cost-or-market inventoryvalue for product 66? a.$5,800.b.$6,100.c.$6,500.d.$6,200.79.Robust Inc. has the following information related to an item in its ending inventory. Packit(Product # 874) has a cost of $698, a replacement cost of $536, a net realizable value of$624, and a normal profit margin of $28. What is the final lower-of-cost-or-marketinventory value for Packit? 9 - 17
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80.Robust Inc. has the following information related to an item in its ending inventory. AcerTop has a cost of $502, a replacement cost of $468, a net realizable value of $531, and anormal profit margin of $68. What is the final lower-of-cost-or-market inventory value forAcer Top? 81.Mortenson Corporation sells its product, a rare metal, in a controlled market with a quotedprice applicable to all quantities. The total cost of 5,000 pounds of the metal now held ininventory is $250,000. The total selling price is $600,000, and estimated costs of disposalare $10,000. At what amount should the inventory of 5,000 pounds be reported in thebalance sheet?
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  • Fall '15
  • Elias
  • retail inventory

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