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a.51100b.65700 c.63000 d.54500 Data related to the inventories of Mountain...

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Accounting

a.51100
b.65700
c.63000
d.54500
image
Data related to the inventories of Mountain Ski Equipment and Supplies is presented below Selling price Cost Replacement cost Sales commission Normal gross profit ratio Skis $193,000 134,500 133,000 15% 25% Boots $163,000 139,500 131,300 15% 25% Apparel $133,000 96,500 123,800 15% 20% Supplies $73,000 54,500 63,000 10x 20% In applying the lower of cost or market rule, the inventory of supplies would be valued at: Multiple Choice S51.100 565 200

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