Chat with us, powered by LiveChat Question: Base Your Answers To Questions 4 Through 6 On The Following Information The May 31, 20X3, Inventory Records Of Carson's Supply Center Show The Data Below. Unit Price Item Automotive: Quantity Cost Market Mufflers Batteries Oil Filters 52 42 73 $18.00 14.00 2.50 $17.50 14.25 2.40 Lawn Furniture: Chairs Tables Swings 8.00 10.00 12.50 42 7.75 10.50 13.00 ... | Wridemy

18 Aug Question: Base Your Answers To Questions 4 Through 6 On The Following Information The May 31, 20X3, Inventory Records Of Carson’s Supply Center Show The Data Below. Unit Price Item Automotive: Quantity Cost Market Mufflers Batteries Oil Filters 52 42 73 $18.00 14.00 2.50 $17.50 14.25 2.40 Lawn Furniture: Chairs Tables Swings 8.00 10.00 12.50 42 7.75 10.50 13.00 …

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Base your answers to questions 4 through 6 on the following information The May 31, 20X3, inventory records of Carson’s Supply Center show the data below. Unit Price Item Automotive: Quantity Cost Market Mufflers Batteries Oil filters 52 42 73 $18.00 14.00 2.50 $17.50 14.25 2.40 Lawn furniture: Chairs Tables Swings 8.00 10.00 12.50 42 7.75 10.50 13.00 27 Garden tools: Rakes Shovels Hoes 85 62 72 3.50 3.25 3.50 3.25 3.50 3.25 REQUIRED: Using the work sheet at the back of this unit, compute the dollar amount of the ending inventory at the lower of cost or market value, and then answer questions 4 through 6. In computing the dollar amounts, you should apply the following methods: 1) Item-by-item method 2) Group method 3) Total inventory method 4. The inventory valuation as calculated under the item-by-item (each item) method is A. $3,414.45. B. $3,408.75 C. $3,377.95. D. $3,362.55. 5. The inventory valuation as calculated under the group (each category) method is A. $3,362.55. B. $3,377.95. C. $3,402.75. D. $3,414.45. 6. The inventory valuation as calculated under the total inventory method is A. $3,414.45. B. $3,433.95. C. $3,502.85. D. $3,519.65.

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