Check my progress Performance in Last 10 Qs Hard Easy Performance in last 10 questions - there are '7' correct answers, '2' wrong answers, '1'

Check my progress

Performance in Last 10 Qs

Performance in last 10 questions - there are '7' correct answers, '2' wrong answers, '1' skipped answers, '0' partially correct answers

About this QuestionQuestion Difficulty

Difficulty 80%

76.8%

Students got it correct

Study this topic• Understand and apply the lower-of-cost-or-market rule.

Question Number 

Q 9.52: At Hawkeye Security the basic professional grade security system has a cost of $812, a replacement cost of $775, a net realizable value of $800, and a normal profit margin of $50. Hawkeye Security would record ___ as the inventory value for this product using the lower-of-cost-or-market rule.

• A
•  : 
•  $775 
• B
•  : 
•  $800 
• C
•  : 
•  $812 
• D
•  : 
•  $762