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    jules39525's Avatar
    jules39525 Posts: 1, Reputation: 1
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    #1

    Jan 31, 2008, 10:50 AM
    Tanzy Company’s ending inventory includes the following items.
    Compute the lower of cost or market
    For ending inventory (a) as a whole and (b) applied separately to each product.

    Per Unit
    Product Units Cost Market
    Helmets.. . 22 $50 $54
    Bats.. . 15 78 72
    Shoes.. . 36 95 91
    Uniforms.. . 40 36 36
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
    Full Member
    		  
    #2

    Feb 5, 2008, 09:02 PM
    Get the lower amount and multiply the unit.
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