Bound Co manufactures cycling equipment. It has a number of specialised frames in inventory which cost $20,000
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Bound Co manufactures cycling equipment. It has a number of specialised frames in inventory which cost $20,000 to manufacture. These frames were manufactured following an order from a customer at an agreed selling price of $30,000. Due to recent technological advances, the current cost of manufacturing such frames is estimated to be $15,000. Bouani Co also has inventory of 3,000 pedals with a cost of $20 each. These have become damaged. If the company spends $5,000 to repair all of them, these could be sold for $21 each.
Use the tokens to correctly describe how Bouani Co's inventory should be valued.
Tokens
$15,000
$20,000
$30,000
$58,000
$60,000
$65,000
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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