B) $12,000. A) $8,000. C) $4,000. D) $6,000. 2) Iris Company has provided the following...
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B) $12,000. A) $8,000. C) $4,000. D) $6,000. 2) Iris Company has provided the following information regarding two of its items of inventory at year-end: There are 100 units of Item A, having a cost of $20 per unit, a selling price of $24 a cost to sell of $6 per unit. There are 50 units of Item B, having a cost of $50 per unit, a selling price of $56 cost to sell of $4 per unit. How much is the ending inventory using lower of cost or net realizable value? B) $4,100. D) $4,50 C) $4,400. A) $4,300. 3) Tinker's cost of goods sold in the year of sale (2019) was $750,000 and 2018 c goods sold was $770,000. The inventory at the end of 2019 was $188,000 and
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