Oriole Ltd. had the following items in inventory as at December 31, 2024: Item No. Quantity...
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Oriole Ltd. had the following items in inventory as at December 31, 2024: Item No. Quantity Unit Cost NRV A1 150 $3.00 $3.30 B4 180 2.00 1.90 C2 190 8.00 9.00 D3 210 7.00 6.80 Assume that Oriole uses a perpetual inventory system. (a) Fill in the table below for the lower of cost and net realizable value per unit, the inventory dollar amount at the lower of cost and net realizable value, and the dollar amount of the inventory at cost. Item Unit No. Quantity Cost NRV A1 44 150 $3.00 $3.30 B4 180 2.00 1.90 C2 190 8.00 9.00 D3 210 7.00 6.80 Total EA Unit LC & NRV A Dollar LC & NRV Attempts: 0 of 1uced Dollar C Oriole Ltd. had the following items in inventory as at December 31, 2024: Item No. Quantity Unit Cost NRV A1 150 $3.00 $3.30 B4 180 2.00 1.90 C2 190 8.00 9.00 D3 210 7.00 6.80 Assume that Oriole uses a perpetual inventory system. (a) Fill in the table below for the lower of cost and net realizable value per unit, the inventory dollar amount at the lower of cost and net realizable value, and the dollar amount of the inventory at cost. Item Unit No. Quantity Cost NRV A1 44 150 $3.00 $3.30 B4 180 2.00 1.90 C2 190 8.00 9.00 D3 210 7.00 6.80 Total EA Unit LC & NRV A Dollar LC & NRV Attempts: 0 of 1uced Dollar C
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