Robust Inc

question 16

Multiple Choice

Robust Inc.has the following information related to an item in its ending inventory.Acer Top has a cost of $502, a selling price of $568, a cost to complete of $53, and a cost to sell of $38.What is the lower-of-cost-or-net realizable inventory value for Acer Top?

• A)$515.
• B)$502.
• C)$477.
• D)$530.

---

Definitions:

Income Levels

Categories or ranges of income that differentiate various groups within a society, often used in analyzing economic and social status.

Saving

The portion of income not spent on current expenditures or taxes, typically set aside for future use or investment.

Disposable Income

Funds households can allocate for spending and saving purposes after income taxes are subtracted.

Consumption

The use of goods and services by households, representing the end-use of products and services in an economy.