Below is Rembrandt Inc.Information on the inventory is provided. (per unit) Kayaks Boots Parkalar historical cost 190,00
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Below is Rembrandt Inc. Information on the inventory is provided.
(per unit) | Kayaks | Boots | Parkalar | |||
historical cost | 190,00 $ | 106,00 $ | 53,00 $ | |||
Sale price | 212.00 | 145.00 | 73.75 | |||
cost of sale | 19.00 | 8.00 | 2.50 | |||
Completion cost | 32.00 | 29.00 | 21.25 |
Determine the net realizable value for each item and the book value of each item under LCNRV.
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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