Business, 19.10.2019 05:30 hmjjones

Farwell company sells three different categories of tools (small, medium and large). the cost and market value of its inventory of tools are as follows.

cost

market

small $ 87,040 $ 82,960
medium 394,400 353,600
large 206,720 227,120

determine the value of the company’s inventory under the lower-of-cost-or-market approach

Answers: 2

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Farwell company sells three different categories of tools (small, medium and large). the cost and ma...