(Answered) Question - merediths appliance store has the following data

Accounting

Question - Meredith's Appliance Store has the following data for the items in its inventory at the end of the accounting period.

Item	Number of Units	Historical Cost per Unit	Market Value per Unit
Window air conditioner	15	$194	$110
Dishwasher	34	240	380
Refrigerator	27	382	605
Microwave	19	215	180
Washer (clothing)	36	195	290
Dryer (clothing)	21	168	245

Required: Compute the carrying value of Meredith's ending inventory using the lower of cost or market rule applied on an item-by-item basis.

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