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Find the total value of this company ending inventory

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Reference no: EM132933779

Question - A company has the following per unit original costs and market values for its inventory. Lower of cost or market is applied to individual items.

Part A: 50 units with a cost of $5, and replacement cost of $4.50

Part B: 75 units with a cost of $6, and replacement cost of $6.50

Part C: 160 units with a cost of $3, and replacement cost of $2.50

Under the lower of cost or market method, find the total value of this company's ending inventory?

A. $1,180.00

B. $1,075.00

C. $1,112.50

D. $1,217.50

E. $1,137.50

Reference no: EM132933779

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