Rickety Company purchased 1,000 widgets and has 200 widgets in its ending inventory at a cost of
Question:
Rickety Company purchased 1,000 widgets and has 200 widgets in its ending inventory at a cost of HK\($91\) each and a net realizable value of HK\($80\) each. The ending inventory under LCNRV is:
a. HK\($91,000\).
b. HK\($80,000\).
c. HK\($18,200\).
d. HK\($16,000\).
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Related Book For 
Financial Accounting With International Financial Reporting Standards
ISBN: 9781119787051
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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