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Raleigh Co A) $2,04050

question 135

Multiple Choice

Raleigh Co.has the following products in its ending inventory.Compute the lower of cost or market total for inventory applied separately to each product.
 Product  Quantity  Cost per unit  Market per unit  Jelly 150$2.002.15 Jam 370$2.652.50 Marmalade 260$3.103.05\begin{array} { | l | l | l | l | } \hline \text { Product } & \text { Quantity } & \text { Cost per unit } & \text { Market per unit } \\\hline \text { Jelly } & 150 & \$ 2.00 & 2.15 \\\hline \text { Jam } & 370 & \$ 2.65 & 2.50 \\\hline \text { Marmalade } & 260 & \$ 3.10 & 3.05 \\\hline\end{array}


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