Determine the Amount of the Inventory for Fred's Appliances Co $\begin{array}{llcc} \text {Fred's Appliances Co. } & \\ \text { Small Appliance Inventory } &\\\end{array}$

question 47

Essay

Determine the amount of the inventory for Fred's Appliances Co. using the lower-of-cost-or-market rule: $\begin{array}{llcc} \text {Fred's Appliances Co. } & \\ \text { Small Appliance Inventory } &\\\end{array}$

$\begin{array}{lllll}\text { Description } & \text { Quantity } & \text { Cost } & \text { Market } & \text { Valuation Basis Amount } \\\hline \text { Toasters } & 30 & \$ 22.15 & \$ 23.50 \\\text { Coffee Makers } & 22 & \$ 18.95 & \$ 19.25 \\\text { Blenders } & 15 & \$ 15.50 & \$ 13.95 \\\text { Can Openers } & 36 & \$ 8.95 & \$ 8.80 \\\text { Hand Mixers } & 18 & \$ 11.15 & \$ 11.50\end{array}$
Total value of inventory: ________

Learn techniques to improve listening skills and to become a more effective listener.

Grasp the importance of listening in professional development and business success.

Understand methods for retaining important information and strategies for preventing mind wandering during listening.

Recognize cognitive biases and barriers in listening and communication.

---

Definitions:

Financial Performance

A measure of how well a firm uses assets from its primary mode of business and generates revenues.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Marketing Department

A division within a company responsible for promoting and selling its products or services.

Lewin's Approach

A psychological methodology that suggests behavior is a dynamic balance of forces working in opposing directions.