Business, 19.08.2020 01:01 janessa0804

Data related to the inventories of Kimzey Medical Supply are presented below: Surgical Surgical Rehab Rehab
Equipment Supplies Equipment Supplies
Selling price $ 335 $195 $415 $240
Cost 245 165 325 237
Replacement cost 315 155 310 233
Costs to sell 60 20 40 40
Normal gross profit ratio 30 % 30 % 30 % 20 %
In applying the lower of cost or market rule, the inventory of surgical supplies would be valued at:.
a. $175.
b. $165.
c. $155.
d. $135.

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Data related to the inventories of Kimzey Medical Supply are presented below: Surgical Surgical Reh...

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