A small-appliance merchant shows an inventory of 200 toasters at a cost of $27.25 and a market value of $27.50. Compute the inventory value at the lower of cost or market.

Question

A small-appliance merchant shows an inventory of 200 toasters at a cost of $27.25 and a market value of $27.50. Compute the inventory value at the lower of cost or market.​

Quizplus · Accepted Answer

The Answer of A small-appliance merchant shows an inventory of 200 toasters at a cost of $27.25 and a market value of $27.50. Compute the inventory value at the lower of cost or market.​

A Small-Appliance Merchant Shows an Inventory of 200 Toasters at a Cost