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[solution]: 1. Data related to the inventories of Costco Medical Supply are


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1. Data related to the inventories of Costco Medical Supply are presented below:

 
 

  Surgical
Equipment
Surgical
Supplies
Rehab
Equipment
Rehab
Supplies
  Selling price $269      $138      $334      $146     
  Cost 160      91      282      143     
  Costs to sell 27      14      32      10     

 
 

In applying the lower of cost and net realizable value rule, the inventory of rehab equipment would be valued at:
$273.$302.$282.$232.


2. Data related to the inventories of Costco Medical Supply are presented below:

 
 

  Surgical
Equipment
Surgical
Supplies
Rehab
Equipment
Rehab
Supplies
  Selling price $263      $135      $343      $148     
  Cost 170      130      263      148     
  Costs to sell 16      17      32      7     

 
 

In applying the lower of cost and net realizable value rule, the inventory of surgical supplies would be valued at:

$118. $130. $91. $108.

Data related to the inventories of Costco Medical Supply are presented below:

 
 

  Surgical
Equipment
Surgical
Supplies
Rehab
Equipment
Rehab
Supplies
  Selling price $263      $135      $343      $148     
  Cost 170      130      263      148     
  Costs to sell 16      17      32      7     

 
 

In applying the lower of cost and net realizable value rule, the inventory of surgical supplies would be valued at:

$118. $130. $91. $108.



 


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