Question: Answer and show your solution 2 Problem 10-18 (AICPA Adapted) d the following information for Harlene Company provided inventory at year-end: Historical cost 1.200,000 50,000

Answer and show your solution  Answer and show your solution 2 Problem 10-18 (AICPA Adapted) d

2 Problem 10-18 (AICPA Adapted) d the following information for Harlene Company provided inventory at year-end: Historical cost 1.200,000 50,000 ntory at year-end? Estimated eelling price 1.30o Estimated completion and selling cost Replacement cost What amount should be reported as inven a. 1,100,000 b. 1,150,000 c. 1,200,000 d. 1.300,000 Problem 10-19 (AICPA Adapted) Aloha Company determined the following info an inventory at year-end: information for Historical cost Current replacement cost Net realizable value Net realizable value less a normal profit margin Fair value 2,000,000 1,400,000 1,800,000 1,700,000 1,900,000 What amount should be reported as inventory at year-end? a. 1,400,000 b. 1,700,000 c. 1,800,000 d. 1,900,000 236

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