The following data refer to Brompton Company's ending inventory: Quantity Item Code Small Medium 100 400...
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The following data refer to Brompton Company's ending inventory: Quantity Item Code Small Medium 100 400 Large 600 Unit Cost $250 150 170 Unit NRV $246 145 162 What is the total ending inventory balance if the lower of cost or net realizable value rule is applied at the item code level (i.e., to each item of inventory separately)? Note: your answer should be formatted as a whole number without currency symbols or punctuation. The following data refer to Brompton Company's ending inventory: Quantity Item Code Small Medium 100 400 Large 600 Unit Cost $250 150 170 Unit NRV $246 145 162 What is the total ending inventory balance if the lower of cost or net realizable value rule is applied at the item code level (i.e., to each item of inventory separately)? Note: your answer should be formatted as a whole number without currency symbols or punctuation.
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Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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