Raleigh Co A) $2,08650

question 67

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. $$\begin{array} { | l | l | l | l | } \hline \text { Praduct } & \text { Quantity } & \text { Cast per unit } & \text { Market per unit } \\\hline \text { Jelly } & 150 & \$ 2.00 & 2.15 \\\hline \text { Jam } & 370 & \$ 2.65 & 2.50 \\\hline \text { Marmal ade } & 260 & \$ 3.10 & 3.05 \\\hline\end{array}$$

• A) $2,086.50.
• B) $2,053.50.
• C) $2,040.50.
• D) $2,018.00.
• E) $2,109.00.

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Definitions:

Higher Price Buyers

Individuals or entities willing to pay more than the standard market price for goods or services, often due to perceived value, urgency, or quality.

Lower Price Buyers

Consumers who prioritize purchasing goods or services at the lowest possible price, often sacrificing quality or brand recognition in the process.

Capacity

The maximum amount of something that a facility, system, or process can contain or produce within a given time.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of output, important for making decisions about production and pricing.