Frank Company has the following per unit original costs and replacement costs for its inventory: Part A: 50 units with a cost of $5, and replacement cost of $4.50 Part B: 75 units with a cost of $6, and replacement cost of $7.00 Part C: 160 units with a cost of $3, and replacement cost of $2.00 Using the lower of cost or market method applied to individual items at the end of the year, the company must:
A) Debit Inventory for $75
B) Debit Cost of Goods Sold for $110
C) Credit Inventory for $185
D) Credit Inventory for $110
E) Credit Cost of Goods Sold for $185
Ans: C) Credit Inventory for $185
Business
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Approximately how much should be accumulated by the beginning of retirement to provide a $4200 monthly check that will last for 10 years, during which time the fund will earn 12% interest with monthly compounding?
a. $257,613.13 b. $292,742.19 c. $443,520.00 d. $470,400.00
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Shopper marketing involves focusing the entire marketing process — from product and brand development to logistics, promotion, and merchandising — toward turning shoppers into buyers at the point of sale
Indicate whether the statement is true or false
Business