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Use the following information to answer questions 1, 2, 3, & 4
| | Data related to the inventories of Jayuya Medical Supply are presented below: | | Surgical Equipment | Surgical Supplies | Rehab Equipment | Rehab Supplies | | Selling price | $260 | $100 | $340 | $165 | | Cost | 170 | 90 | 250 | 162 | | Costs to sell | 30 | 15 | 25 | 10 | 1. In applying the lower of cost and net realizable value rule, the inventory of surgical equipment would be valued at: |
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2. In applying the lower of cost and net realizable value rule, the inventory of surgical supplies would be valued at:
3. In applying the lower of cost and net realizable value rule, the inventory of rehab equipment would be valued at:
4. In applying the lower of cost and net realizable value rule, the inventory of rehab supplies would be valued at:
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