Determine the proper carrying value of the following inventoryitems Replacement Sals Selling Normal Item Cost Cost Price Expenses Profit Product 561 Product 562 Product 563 Product 564 Product 565 Product 566 $3 05 0 69 0 31 0 92 0 84 $3 00 0 72 0 24 0 70 0 82 1 25 $3 50 1 00 043 1 05 1 00 1 43 $0 ...

Market Market limited Lower of Replacement by floor Cost or Item Cost Cost ...

Determine the proper carrying value of the following inventoryitems. Replacement Sals Selling Normal Item Cost Cost Price

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Determine the proper carrying value of the following inventoryitems.

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Intermediate Accounting

ISBN: 978-0324312140

16th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Apr 07, 2012 07:56 AM

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Determine the proper carrying value of the following inventoryitems. Replacement Sals Selling Normal Item Cost Cost Price

Question:

Replacement Sals Selling Normal Item Cost Cost Price Expenses Profit Product 561 Product 562 Product 563 Product 564 Product 565 Product 566 $3.05 0.69 0.31 0.92 0.84 $3.00 0.72 0.24 0.70 0.82 1.25 $3.50 1.00 043 1.05 1.00 1.43 $0.35 0.30 0.15 0.27 0.19 0.13 $0.20 0.04 0.07 0.05 0.09 0.09

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