# Castle TV, Inc. purchased 2,100 monitors on January 5 at a

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Castle TV, Inc. purchased 2,100 monitors on January 5 at a per-unit cost of \$175, and another 2,100 units on January 31 at a per-unit cost of \$274. In the period from February 1 through year-end, the company sold 3,800 units of this product. At year-end, 400 units remained in inventory. Assume that Castle TV, Inc. uses the FIFO flow assumption. The cost of the 400 units in inventory at year-end is: A.\$179,600. B.\$109,600. C.\$70,000. D.\$89,800. Assume that Castle TV, Inc. uses the LIFO flow assumption. The cost of the 400 units in the year-end inventory is: A.\$109,600. B.\$179,600. C.\$89,800. D.\$70,000. Assume that the replacement cost of this monitor at year-end is \$265 per unit. Using the FIFO flow assumption and the lower-of-cost-or-market rule, Castle TV should write down the carrying value of this inventory by: A.\$3,600. B.\$0. C.\$5,400. D.\$1,800. Assume that the replacement cost of this monitor at year-end is \$255 per unit. Using LIFO flow assumption and the lower-of-cost-or-market rule, the ending inventory amounts to: A.\$109,600. B.\$102,000. C.\$70,000. D.\$179,600.