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SashulF [63]
3 years ago
15

If the cost of an item of inventory is $60, the current replacement cost is $65, and the selling price is $95, the amount includ

ed in inventory according to the lower of cost or market concept is:
Business
1 answer:
KATRIN_1 [288]3 years ago
5 0

Answer:

The amount included in the inventory is $60

Explanation:

Lower of cost and net realizable value determine the value of closing inventory based on the cost incurred to produce or purchase a inventory unit or Market value of the inventory unit which ever is lower. In this question cost of unit of inventory is $60 and the replacement cost which market value of the item of inventory. The unit cost of an item of inventory is lower as compared to the replacement value.

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Answer:

Explanation:

This is an annuity question. Use present value of annuity formula to solve this;

You can use a financial calculator to solve it. I'm using "Texas instrument BA II plus" calculator

<em>(Note: if using the same calculator as above ,enter the numbers first, then each respective function )</em>

N ; duration on investment = 20

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then CPT PMT = 267,757.56

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3 years ago
A manager tells her production employees, "It's no longer good enough that your work falls anywhere within the specification lim
ololo11 [35]

Answer:

The answer is D. Taguchi concepts.

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ivolga24 [154]

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A tariff has a postive impact when it comes to safeguarding and having an income

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