Question

A physical inventory of DEF Electronics taken at December 31 reveals the following data: ITEM UNITS...

A physical inventory of DEF Electronics taken at December 31 reveals the following data:

ITEM UNITS ON HAND COST PER UNIT MARKET PER UNIT
Audio Equipment
   Receivers 345 $90 $98
   CD Players 260 111 100
   MP3 Players 326 86 95
   Wireless Speakers 204 52 41
Video Equipment
   Handheld LCDs 480 $150 $125
   VCRs 291 93 84
   Camcorders 212 310 322
Car Audio Equipment
   Satellite Radios 185 $70 $84
   CD/MP3 Radios 170 97 105

Calculate LCM by item:

$285,242

$292,777

$280,702

$273,054

$289,010
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Answer #1
ITEM UNITS ON HAND COST PER UNIT MARKET PER UNIT LCM Total LCM
Audio Equipment
   Receivers 345 $90 $98 $90 $31,050
   CD Players 260 111 100 $100 $26,000
   MP3 Players 326 86 95 $86 $28,036
   Wireless Speakers 204 52 41 $41 $8,364
Video Equipment
   Handheld LCDs 480 $150 $125 $125 $60,000
   VCRs 291 93 84 $84 $24,444
   Camcorders 212 310 322 $310 $65,720
Car Audio Equipment
   Satellite Radios 185 $70 $84 $70 $12,950
   CD/MP3 Radios 170 97 105 $97 $16,490
Total $273,054
Option 4 is correct
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