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yulyashka [42]
3 years ago
13

Applying the lower of cost or market method, the reported value of this company's ending inventory if LCM is applied to individu

al items is _____.
Business
1 answer:
Naddik [55]3 years ago
7 0

Answer: $870

Explanation:

Using the lower of cost or market method, the prices the items will be recorded at will be:

  • Item 1 = $45 market price
  • Item 2 = $60 cost price
  • Item 3 = $25 market price

The total inventory will therefore be:

= Total value of item 1 + total value of item 2 + total value of item 3

= (45 * 5) + (60 * 7) + (9 * 30)

= 225 + 420 + 225

= $870

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The example given in the question, which states that the neighbor has non-public information, can be classified as a semi-strong form efficient market.

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6 0
3 years ago
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Answer:

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8 0
3 years ago
PLEASE HELP!
vesna_86 [32]
I would say the third sentence. Proper planning and supervision is of utmost importance while catering to the client. I say this because the word diligence means, careful and persistent work or effort. This shows that the work is carefully planned. That's my opinion and not a fact so don't trust this unless my reasoning convinces you.
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