Assignement Showtime Company's ending inventory at December 31, 2017, includes the following items: Product BB FM...
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Assignement Showtime Company's ending inventory at December 31, 2017, includes the following items: Product BB FM MB SL Units on Hand 22 15 36 40 Product BB FM MB SL Total Unit Cost $110 145 186 78 Calculate LCNRV for the inventory a. As a group (assuming the items are similar) 5 points. LCNRV applied to inventory = Net Realizable Value Per Unit $115 138 172 92 b. Applied separately to each product. (complete the chart below) 5 points. Total Cost Total LCNRV applied NRV to Each Product Assignement Showtime Company's ending inventory at December 31, 2017, includes the following items: Product BB FM MB SL Units on Hand 22 15 36 40 Product BB FM MB SL Total Unit Cost $110 145 186 78 Calculate LCNRV for the inventory a. As a group (assuming the items are similar) 5 points. LCNRV applied to inventory = Net Realizable Value Per Unit $115 138 172 92 b. Applied separately to each product. (complete the chart below) 5 points. Total Cost Total LCNRV applied NRV to Each Product
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Answer a Calculation of Product BB Fm SL b Product BB Fm SL Total units A 22 36 unit C... View the full answer
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Posted Date:
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