Whitman Corporation sells six different products. The following information is available on December 31: When applying the lower of cost or market rule to each item, what will Whitman's total ending inventory balance be?
A) $173,000
B) $166,200
C) $166,550
D) $166,400

Question

Whitman Corporation sells six different products. The following information is available on December 31:  When applying the lower of cost or market rule to each item, what will Whitman's total ending inventory balance be?
A) $173,000 
B) $166,200 
C) $166,550 
D) $166,400

Quizplus · Accepted Answer

The Answer of Whitman Corporation sells six different products. The following information is available on December 31:  When applying the lower of cost or market rule to each item, what will Whitman's total ending inventory balance be?
A) $173,000 
B) $166,200 
C) $166,550 
D) $166,400

Whitman Corporation Sells Six Different Products