A Company Has the Following Per Unit Original Costs and Replacement

question 145

Multiple Choice

A company has the following per unit original costs and replacement costs for its inventory: Part A: 10 units with a cost of $3 and replacement cost of $2.50.
Part B: 40 units with a cost of $9 and replacement cost of $9.50.
Part C: 75 units with a cost of $8 and replacement cost of $7.50.
Under the lower of cost or market method,the total value of this company's ending inventory must be reported as:

• A)$990.00.
• B)$947.50.
• C)$967.50 or $947.50,depending upon whether LCM is applied to individual items or the inventory as a whole.
• D)$967.50.
• E)$990.00 or $947.50,depending upon whether LCM is applied to individual items or to the inventory as a whole.

---

Definitions:

Facial Expression

Non-verbal communication through movements of the facial muscles, conveying emotions or reactions without words.

Perfect Handshake

The Perfect Handshake refers to an ideal, culturally sensitive method of greeting in professional and social contexts that conveys confidence and respect, typically involving a firm grip and brief duration.

Personal Brand

The unique combination of skills, experiences, and personality that one wants to convey to others, often for professional purposes.

First Impression

The immediate reaction or opinion formed upon meeting someone or encountering something for the first time.