based on lower of cost or market rules. Business Solutions has three different types of software in its inventory and the following information is available for each. Per Unit Inventory ItemsUnits Cost Market Office productivity 9 $ 82 $ 80 Desktop publishing 8 109 106 Accounting 9 96 102 Required:1(a).Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market rule to inventory as a whole. (Omit the "$" sign in your response.) TotalTotal Inventory Itemscostmarket Office productivity$ $ Desktop publishing Accounting Totals$ $ Lower of cost or market of inventory as a whole$ 1(b).Must Rey adjust the reported inventory value? NoYes2(a).Compute the lower of cost or market rule to each product in inventory. (Omit the "$" sign in your response.) LCM applied Inventory Itemsto items Office productivity$ Desktop publishing Accounting Totals$ 2(b).Must Rey adjust the reported inventory value? YesNoPart BSelected accounts and balances for the three months ended March 31, 2012, for Business Solutions follow. January 1 beginning inventory$0 Cost of goods sold 56,902 March 31 ending inventory 2,474 Required:1.Compute inventory turnover and days? sales in inventory for the three months ended March 31, 2012. (Use 365 days a year. Do not round intermediate calculations. Round your days' sales answer to 1 decimal place and turnover answer to the nearest whole number.) Inventory turnover times Days? sales in inventory days
This question was answered on: Apr 19, 2020Buy this answer for only: $15
This attachment is locked
Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
About this QuestionSTATUS
Apr 19, 2020EXPERT
YES, THIS IS LEGAL
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions:
- As a reference for in-depth understanding of the subject.
- As a source of ideas / reasoning for your own research (if properly referenced)
- For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
NEW ASSIGNMENT HELP?
Order New Solution. Quick Turnaround
Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.
WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.