A Company Has the Following Per Unit Original Costs and Replacement

question 3

Multiple Choice

A company has the following per unit original costs and replacement costs for its inventory.LCM is applied to individual items. Part A: 50 units with a cost of $5,and replacement cost of $4.50
Part B: 75 units with a cost of $6,and replacement cost of $6.50
Part C: 160 units with a cost of $3,and replacement cost of $2.50
Under the lower of cost or market method,the total value of this company's ending inventory is:

• A)$1,180.00.
• B)$1,075.00.
• C)$1,112.50.
• D)$1,217.50.
• E)$1,137.50.

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Definitions:

Psychological Functioning

The performance of cognitive, emotional, and behavioral aspects of mental health.

Natural Causes

Death or changes occurring due to the internal processes of the natural world or the body, not influenced by external forces such as accidents or violence.

Bodily Fluids

Liquids within the human body that support its function, such as blood, saliva, and urine.

Designed Function

The intended purpose or role that something is created or expected to perform.