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Business, 06.05.2020 02:14, matthew6889
Using the lower of cost or market, what should the total inventory value be for the following items: Item Inventory Quantity Cost per Unit Market Value per Unit Total Cost Price Total Market Price Lower of Cost or Market A 220 $7 $11 $1,540 $2,420 $ B 101 $18 $15 $1,818 $1,515 $ C 62 $20 $23 $1,240 $1,426 $ $. Apply the lower-of-cost-or-market method to inventory as a whole.
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Business, 22.06.2019 17:30, gabedafame26
Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?
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