A Company Has the Following Per Unit Original Costs and Replacement

question 2

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 is:

• 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:

Speech Convergence

Accent or speech style shift towards that of the other person.

Exit Behaviour

Actions individuals take to leave situations or roles that are unsatisfactory, such as quitting a job or ending a relationship.

Native Speaker

An individual who speaks a particular language as their first language from childhood.

German Heritage

Refers to the cultural and historical legacy derived from the people, traditions, and artifacts of Germany.