Brooks company carries three inventory items. the following information pertains to the ending inventory: item - quantity - unit cost - unit market value a - 220 - $ 9 - $ 8 f - 255 - 16 -15 k - 179 - 5 - 8 required a. determine the ending inventory that brooks will report on the balance sheet, assuming that it applies the lower-of-cost-or-market rule to individual inventory items. b. prepare the necessary journal entry, assuming the decline in value was immaterial.

Maldonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . suppose that maldonia and lamponia specialize in the production of the goods in which each has a comparative advantage. after specialization, the two countries can produce a total of million pounds of lemons and million pounds of coffee.

Select the correct answer. the word intestate means that a person has died with or without a will?

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?