Whitman Corporation sells six different products. The following information is available on December 31: Inventory item Units Cost per unit Net Realizable Value per unit Estimated selling price Tin 60 $500 $505 $515 Titanium 20 5000 4950 5100 Stainless steel 80 2000 1910 1980 Aluminum 80 350 285 290 Iron 40 400 410 425 Fiberglass 40 300 295 295 When applying the lower-of-cost-or-net-realizable-val ue rule to each item, what will Whitman's total ending inventory balance be

Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?