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Vaselesa [24]
2 years ago
14

Exercise 5-10 Lower of cost or market LO P2 Martinez Company's ending inventory includes the following items. Product Units Cost

per Unit Market per Unit Helmets 27 $ 55 $ 59 Bats 20 83 77 Shoes 41 100 96 Uniforms 45 41 41 Compute the lower of cost or market for ending inventory applied separately to each product.
Business
1 answer:
zysi [14]2 years ago
4 0

Answer:

Martinez Company

Ending inventory is:

= $8,806.

Explanation:

a) Data and Calculations:

Product       Units   Cost per Unit   Market per Unit

Helmets       27             $ 55                   $ 59

Bats             20                 83                      77

Shoes           41               100                      96

Uniforms     45                 41                       41

Lower of cost or market value Valuation:

Product       Units   Cost per Unit   Market per Unit     LCM

Helmets       27             $ 55                   $ 59               $1,485

Bats             20                 83                      77                1,540

Shoes           41               100                      96               3,936

Uniforms     45                 41                       41                1,845

Total cost of ending inventory                                    $8,806

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Answer:

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5 0
3 years ago
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Explanation:

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3 0
3 years ago
Hong invested his savings in two investment funds. The 5000 that he invested in Fund A returned a 3% profit. The amount that he
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Answer:

amount invest in B is 2000

Explanation:

given data

invested in Fund A = 5000

return profit A = 3%

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solution

we consider here amount invest in B = x

so profit from fund B is

profit from fund B =  10% ×  x = 0.1 x

and

profit from fund A = 5000 × 3% = 150

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so we can say

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3 years ago
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Answer:

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b. An individual sells his house through a broker.

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d. Stock prices rise by 20 percent.

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Selling a house by an individual does not affect the Gross Domestic Product of a Country.  

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5 0
3 years ago
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