A particular production process requires two types of raw materials to produce the end product. Each unit
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Required:
a. Evaluate these inventories to determine the amount of write-down, if any.
b. Would your answer change if the replacement cost of raw material A were to be $21/unit?
Transcribed Image Text:
Cost per Replacement Net realizable Inventory item Finished goods Raw material A Raw material B # Units 300 200 100 unit S200 20 50 cost n/a $25 45 value $180 n/a n/a
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a The finished products NRV cost Therefore it needs to be written down by 20 per unit on 30...View the full answer
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