Skip to main content
Financial Accounting
My Courses
College Courses
My Courses
Chemistry
General Chemistry
Organic Chemistry
Analytical Chemistry
GOB Chemistry
Biochemistry
Intro to Chemistry
Biology
General Biology
Microbiology
Anatomy & Physiology
Genetics
Cell Biology
Physics
Physics
Math
College Algebra
Trigonometry
Precalculus
Calculus
Business Calculus
Statistics
Business Statistics
Social Sciences
Psychology
Health Sciences
Personal Health
Nutrition
Business
Microeconomics
Macroeconomics
Financial Accounting
Calculators
AI Tools
Study Prep Blog
Study Prep Home
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
Back
Lower of Cost or Market
Download worksheet
Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Lower of Cost or Market
Download worksheet
Practice
Summary
Previous
10 of 10
5. Inventory / Lower of Cost or Market / Problem 10
Problem 10
If inventory is marked down from a historical cost of \$95,000 to a market value of \$85,000, what is the loss amount?
A
\$5,000
B
\$85,000
C
\$95,000
D
\$10,000
AI tutor
0
Show Answer
