At year end, Curlz, Inc.'s inventory consists of 200 bottles of CleanZ at $1 per...
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At year end, Curlz, Inc.'s inventory consists of 200 bottles of CleanZ at $1 per bottle and 100 boxes of Dyez at $10 per box. Market values are $1.20 per bottle for CleanZ and $8 per box for Dyez. Curlz should report its inventory at: $1,000 $1,040. $1,240. $1,200. Sed 2.8571 points Your company has 500 units in inventory that were purchased for $12 each. These units have a current market value of $15 each Your suporter has just announced a price increase to $16.50 that will go into effect at the beginning of next year. Management should: adjust the inventory account using the average of the recent market values, which is $14.50. adjust the inventory account using the cost, which is $12.00 make no adjustments to the inventory account. adjust the inventory account using the lower of the recent market values, which is $15
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