On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item as shown previously.

$$\begin{array}{lccc} & \textbf{Inventory} & \textbf{Unit} & \textbf{Unit}\\ \textbf{Item} & \textbf{Quantity} & \textbf{Cost Price} & \textbf{Market Price}\\ \hline \text{Widget} & 100 & \$30 & \$27\\ \text{Gidget} & \hspace{4pt}75 & \hspace{4pt}24 & \hspace{4pt}25 \end{array}$$

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item as shown in Exhibit 8.

$$\begin{array}{lccc} \textbf { Item } & \begin{array}{c} \textbf { Inventory } \\ \textbf { Quantity } \end{array} & \begin{array}{c} \textbf { Unit } \\ \textbf { Cost Price } \end{array} & \begin{array}{c} \textbf { Unit } \\ \textbf { Market Price } \end{array} \\ \hline \text { MT22 } & 1,500 & \$ 7 & \$ 4 \\ \text { WY09 } & 900 & 22 & 25 \end{array}$$

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in Exhibit 10.

$$\begin{array}{lccc} \textbf { Item } & \begin{array}{c} \textbf { Inventory } \\ \textbf { Quantity } \end{array} & \begin{array}{c} \textbf { Cost per } \\ \textbf { Unit } \end{array} & \begin{array}{c} \textbf { Market Value per Unit } \\ \textbf { (Net Realizable Value) } \end{array} \\ \hline \text { Raven 10 } & 1,200 & \$ 115 & \$ 112 \\ \text { Dove 23 } & 6,500 & 17 & 22 \end{array}$$

On the basis of the following data, estimate the cost of the inventory at June 30 by the retail method:

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item as shown previously.

$$\begin{array}{lccc} & \textbf{Inventory} & \textbf{Unit} & \textbf{Unit}\\ \textbf{Item} & \textbf{Quantity} & \textbf{Cost Price} & \textbf{Market Price}\\ \hline \text{Alpha} & 400 & \$\hspace{4pt}6 & \$\hspace{4pt} 5\\ \text{Beta} & 350 & \hspace{3pt}12 & \hspace{3pt}14 \end{array}$$

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item.

$$\begin{array}{lccc} \textbf { Item } & \begin{array}{c} \textbf { Inventory } \\ \textbf { Quantity } \end{array} & \begin{array}{c} \textbf { Unit } \\ \textbf { Cost Price } \end{array} & \begin{array}{c} \textbf { Unit } \\ \textbf { Market Price } \end{array} \\ \hline 1107 \mathrm{~B} & 450 & \$ 80 & \$ 78 \\ 1110 \mathrm{M} & 75 & 60 & 64 \end{array}$$

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item, as shown in the ninth exhibit shown in the chapter.

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated previously in the exhibit.

$$\begin{array}{lccc} \begin{array}{c} \text { Inventory } \\ \text { Item } \end{array} & \begin{array}{c} \text { Inventory } \\ \text { Quantity } \end{array} & \begin{array}{c} \text { Cost per } \\ \text { Unit } \end{array} & \begin{array}{c} \text { Market Value per Unit } \\ \text { (Net Realizable Value) } \end{array} \\ \hline \text { Birch } & 100 & \$ 125 & \$ 120 \\ \text { Cypress } & 75 & 100 & 108 \\ \text { Mountain Ash } & 80 & 90 & 86 \\ \text { Spruce } & 130 & 74 & 80 \\ \text { Willow } & 60 & 105 & 98 \end{array}$$

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 8.

$$\begin{array}{lccc} \textbf { Commodity } & \begin{array}{c} \textbf { Inventory } \\ \textbf { Quantity } \end{array} & \begin{array}{c} \textbf { Unit } \\ \textbf { Cost Price } \end{array} & \begin{array}{c} \textbf { Unit } \\ \textbf { Market Price } \end{array} \\ \hline \text { AL65 } & 40 & \$ 28 & \$ 30 \\ \text { CA22 } & 50 & 70 & 65 \\ \text { LA98 } & 110 & 6 & 5 \\ \text { SC16 } & 30 & 40 & 30 \\ \text { UT28 } & 75 & 60 & 62 \end{array}$$

A sample of a compound synthesized and purified in the laboratory contains 25.0 g hafnium and 31.5 g tellurium. The identical compound is discovered in a rock formation. A sample from the rock formation contains 0.125 g hafnium. Determine how much tellurium is in the sample from the rock formation.

A random sample of shoppers at a convenience store are selected to see how much they spent on that visit. The standard deviation of the population is $6.43. How large a sample must be selected if the researcher wants to be 99% confident of finding whether the true mean differs from the sample mean by $1.50?

A large number of simple random samples of size n=85 are obtained from a large population of birth weights having a mean of 3420 g and a standard deviation of 495 g. The sample means $\bar{x}$ is calculated for each sample.

a. What is the approximate shape of the distribution of the sample means?

If a rope has a free end, a pulse sent down the rope behaves differently on reflection than if the rope has that end fixed in position. What is this difference, and why does it occur?

A normal population has a mean of 75 and a standard deviation of 5. You choose a 40-person sample. Calculate the likelihood that the sample mean is less than 74.