Refer to the information above. Assume that the replacement cost of this monitor at year-end is $210 per unit. Using LIFO flow assumption and the lower-of-cost-or-market rule, the ending inventory amounts to:
A. $46,000.
B. $42,000.
C. $37,000.
D. $83,000.
C
200 × $185 = $37,000
Business
You might also like to view...
Managers can change organizational culture by maintaining rites and rituals; giving rewards, promotions, and bonuses; setting company goals; and establishing performance-measurable and controllable activities.
a. True b. False
Business
When assessing the reliability of a website, you should consider which of the following questions?
A) Can I contact the creators? B) Who created the website? C) Are the creators quali?ed and knowledgeable on the topic? D) All of the above should be considered.
Business