Marr Corporation Has Two Products in Its Ending Inventory, Each

question 36

Multiple Choice

Marr Corporation has two products in its ending inventory, each accounted for at the lower of cost or market.A profit margin of 30% on selling price is considered normal for each product.Specific data with respect to each product follows: $\begin{array}{lrr}&\text { Product \#1}&\text { Product \#2 }\\\text { Historical cost } & \$ 40.00 & \$ 70.00 \\\text { Replacement cost } & 45.00 & 54.00 \\\text { Estimated cost to dispose } & 10.00 & 26.00 \\\text { Estimated selling price } & 80.00 & 130.00\end{array}$ In pricing its ending inventory using the lower-of-cost-or-market, what unit values should Marr use for products #1 and #2, respectively?

• A)$40.00 and $65.00.
• B)$46.00 and $65.00.
• C)$46.00 and $60.00.
• D)$45.00 and $54.00.

Understand the basics of different anxiety disorders, including their key features and symptoms.

Comprehend the principles of major theories related to the development, maintenance, and treatment of anxiety disorders.

Recognize the differences between ego-syntonic and ego-dystonic thoughts as they pertain to various disorders.

Identify the common comorbidities associated with Generalized Anxiety Disorder (GAD).

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Definitions:

Conceptual Viewpoint

An approach or perspective based on abstract ideas or theories rather than on practical applications.

Intangibles

Assets that do not have physical substance but are still valuable because of their intellectual property or other value to the firm.

Expensed

The act of charging a cost as an expense in the income statement in the period it is incurred.

Capitalized

Expenditures or costs that are added to the cost basis of a fixed asset on a company's balance sheet, rather than being expensed immediately.