Data related to the inventories of Costco Medical Supply are presented below: Surgical
Equipment Surgical
Supplies Rehab
Equipment Rehab
Supplies
Selling price $272 $135 $342 $153
Cost 151 103 256 153
Costs to sell 18 10 18 7
In applying the lower of cost and net realizable value rule, the inventory of rehab supplies would be valued at:

The mayflower, a seafood restaurant, had the following liabilities by the end of 2015: accounts payable $60,000 wages payable $100,000 unearned revenue $125,000 (60% will be earned in 2016) notes payable $140,000 ($45,000 payable in 2016) what is the amount that the mayflower should report as total current liability on its balance sheet as of december 31, 2015?