If a company values inventory at the lower of cost or market,which of the following is the value of inventory on the balance sheet? Apply the lower-of-cost-or-market method to inventory as a whole.
A) $6,960
B) $7,700
C) $6,540
D) $7,280

Question

If a company values inventory at the lower of cost or market,which of the following is the value of inventory on the balance sheet? Apply the lower-of-cost-or-market method to inventory as a whole. 
A) $6,960 
B) $7,700 
C) $6,540 
D) $7,280

Quizplus · Accepted Answer

The Answer of If a company values inventory at the lower of cost or market,which of the following is the value of inventory on the balance sheet? Apply the lower-of-cost-or-market method to inventory as a whole. 
A) $6,960 
B) $7,700 
C) $6,540 
D) $7,280

If a Company Values Inventory at the Lower of Cost