MC35 The December 31, 2019 inventory of Hope Company consisted of NC35 The December 31, 2019 inventory of Hope Company consisted of four products, for which certain information is provided below. Estimated Unit Number disposal cost selling price per unit 6.50 Estimated Normal profit on sales 20% Product Cost of units 1,000 2,000 3,000, 4,000 per unit 40 25 42 12.00 48 25% 120 25.00 3.00 P 190 30% E 18 26 10% Hope Company measures its inventory at the lower of cost and net realizable value on an item-by-item basis. How much is the total inventory value at December 31, 2019? P692,500 P541,000 P529,000 P469,000 а. b. с. d.

MC35 The December 31, 2019 inventory of Hope Company consisted of NC35 The December 31, 2019 inventory of Hope Company consisted of four products, for which certain information is provided below. Estimated Unit Number disposal cost selling price per unit 6.50 Estimated Normal profit on sales 20% Product Cost of units 1,000 2,000 3,000, 4,000 per unit 40 25 42 12.00 48 25% 120 25.00 3.00 P 190 30% E 18 26 10% Hope Company measures its inventory at the lower of cost and net realizable value on an item-by-item basis. How much is the total inventory value at December 31, 2019? P692,500 P541,000 P529,000 P469,000 а. b. с. d.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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