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Departures from Acquisition Cost Determine the proper total inventory value for each of the following...

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Accounting

Departures from Acquisition Cost Determine the proper total inventory value for each of the following items in Viking Company's ending inventory: a. Viking has 660 video games in stock. The games cost $40 each, but their year-end replacement cost is $33. Viking has been selling the games for $66, but competitors are now selling them for $55. Viking plans to drop its price to $55. Viking's normal gross profit on video games is 40%. b. Viking has 330 rolls of camera film that are past the expiration date marked on the film's box. The films cost $1.80 each and are normally sold for $3.60. New replacement films still cost $1.82. To clear out these + old films, Viking will drop their selling price to $1.50. There are no related selling costs. c. Viking has 6 cameras in stock that have been used as demonstration models. The cameras cost $198 and normally sell for $308. Because these cameras are in used condition, Viking has set the selling price at $176 each. Expected selling costs are $11 per camera. New models of the camera (on order) will cost Vikings $220 and will be priced to sell at $352. a. $ b. $ C. $ Check 0 0 0
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Departures frem Acquisition Cos drep is perce to $55 Whings normal grest profit on video games is 40%

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