Solved: Data related to the inventories of costco medical supply, Accounting Basics

Data related to the inventories of costco medical supply

Data related to the inventories of Costco Medical Supply are presented below:

	Surgical Equipment	Surgical Supplies	Rehab Equipment	Rehab Supplies
Selling price	$260	$100	$340	$165
Cost	170	90	250	162
Costs to sell	30	15	25	10

In applying the lower of cost and net realizable value rule, the inventory of rehab equipment would be valued at:

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Accounting Basics: Data related to the inventories of costco medical supply

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Accounting Basics: Data related to the inventories of costco medical supply

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