Answer:
Inventory Cost = $14,500
Explanation:
Using the lower of cost or market method implies firstly valuing the inventory at the purchased cost (historical cost). But as the value of a good can change and if the price at which the inventory can be sold falls below its net realizable value the loss (and new value) must be recorded. It is a method for adjusting asset values in subsequent reporting periods.
Answer:
i think its b even tho im probbly wrong
Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a
Mazyrski [523]
Answer:
$154,050
Explanation:
The computation of the net income for the firm is shown below:
Sales $634,000
Less: costs -$328,000
Less: depreciation -$73,000
EBIT -$233,000
Less: interest -$38,000
EBT 195,000
Less: tax(195,000 × 21%) -$40,950
Net income $154,050
We simply deduct all expenses ,interest and taxes from the sales revenue so that the net income could come and the same is to be considered
Either a or c it’s one of those
