Raleigh Co. has the following products in its ending inventory. Compute the lower of cost or market total for inventory applied separately to each product. Product Quantity Cost per unit Market per unit Jelly 150 $2.00 2.15 Jam 370 $2.65 2.50 Marmalade 260 $3.10 3.05 a. $2,040.50. b. $2,086.50. c. $2,018.00. d. $2,109.00. e. $2,053.50.

c. $2,018.00

Explanation:

Lower of cost or market is the inventory valuation method which requires to record the inventory at a value lower of

Product__Quantity__Cost per unit__Market per unit___ Lower Value

Jelly 150 $2.00 2.15 $2.00 $300

Jam 370 $2.65 2.50 $2.50 $925

Marmalade 260 $3.10 3.05   $3.05 $793

Total Value $2,018

eds? ederal government or feds

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