Using the following information, identify all acceptable balances for the ending inventory, according to GAAP.         By Individual Item:       by Total (Aggregate) Inventory:                         Category Item Quantity Unit Cost Unit Market Price A 101 84 $26.00 $25.00 A 102 40 $45.00 $40.00 A 103 125 $35.00 $32.00 B 104 55 $40.00 $42.00 B 105 55 $68.00 $70.00 C 106 70 $66.00 $77.00 C 107 20 $255.00 $245.00           Using the following information, identify all acceptable balances for the ending inventory, according to GAAP.         By Individual Item:       by Total (Aggregate) Inventory:

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Q: item-by-item basis

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.