Lower of Cost or Net Realizable Value Blue Corporation uses the FIFO cost flow assumption. Presented below is information related to Blue’s inventory: Product 1 Product 2 Product 3 Cost $50 $90 $75 Selling price 75 120 90 Costs of completion 15 30 20 Costs of disposal 4 2 5 a. Determine the net realizable value for each item. Product 1 Product 2 Product 3 NRV $ $ $ b. Determine the inventory value of each item using the lower of cost or net realizable value rule. Product 1 Product 2 Product 3 Carrying Value $ $ $

You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (money.msn website, november 7, 2012). a sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal. a. develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. b. using the sample from the 100 restaurants, what is the p-value? c. at a = .05, what is your conclusion? d. repeat the preceding hypothesis test using the critical value approach