The mcquenny company’s ending inventory is composed of 100 units that had an acquisition cost of $25 per unit and 50 units that had an acquisition cost of $30 per unit. if 150 units have an nrv of $27 per unit, what value should be assigned to the company’s ending inventory assuming that it applies the lower-of-cost-or-net realizable value method on an individual item basis?

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.