Data Related to the Inventories of Mountain Ski Equipment and Supplies

question 52

Multiple Choice

Data related to the inventories of Mountain Ski Equipment and Supplies is presented below:
- In applying the lower of cost or market rule, the inventory of skis would be valued at:

• A) $162,000.
• B) $128,000.
• C) $120,000.
• D) $126,000.