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
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
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