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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Data related to the inventories of Costco Medical Supply are presented below:
 

  Surgical   Surgical   Rehab   Rehab
  Equipment   Supplies   Equipment   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 or net realizable value rule, the inventory of surgical supplies would be valued at:

 

Multiple Choice
  •  

    $100.

  •  

    $90.

  •  

    $85.

  •  

    $75.

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