Carlsberg Corporation Has 2,000 Units of Product#1and 4,000 Units of Product#2

question 118

Multiple Choice

Carlsberg Corporation has 2,000 units of product#1and 4,000 units of product#2 in its inventory at December 31, 2014. Specific data with respect to each product follows: What amount will be reported on the company statement of financial position at December 31, 2014 for ending inventory using lower-of-cost-or-net realizable value?

• A) CHF220,000.
• B) CHF288,000.
• C) CHF296,000.
• D) CHF306,000.

---

Definitions:

Federal Trade Commission

A U.S. government agency responsible for protecting consumers and enforcing antitrust law to ensure fair competition in the marketplace.

Pure Monopoly

A market structure where a single company is the sole provider of a product or service, facing no direct competition.

Market Share

The proportion of total sales in a market or industry attributed to a specific company during a defined time frame.

Monopolistic Competition

A market structure featuring many competitors selling differentiated products, allowing for some degree of market power and price control by each competitor.