Using the Information Below,determine the Ending Inventory Value Applying the Lower-Of-Cost-Or-Market

question 147

Multiple Choice

Using the information below,determine the ending inventory value applying the lower-of-cost-or-market method.
$\begin{array}{llll}\text { Inventory Item } & \text { Quantity } &{\text { Cost }} &\text { Market }\\\hline\text { Cutlets } & 200 & \$ 12 & \$ 14 \\\text { Chops } & 400 & \$ 16 & \$ 14 \\\text { Shanks } & 300 & \$ 15 & \$ 12\end{array}$

• A)$13,300.
• B)$12,000.
• C)$11,600.
• D)$13,700.

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