At December 31, 2017, Ansan Corporation has 9,800 units of model 63 and 7,000 units of model

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At December 31, 2017, Ansan Corporation has 9,800 units of model 63 and 7,000 units of model 64 in its ending inventory. Specific data with respect to each product follows:

Model 63 Model 64

Historical cost W7,800 W8,700

Net realizable value 7,700 8,800

What amount will be reported for inventory on Ansan's statement of financial position after the company applies LCNRV?

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Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

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Posted Date: Jan 04, 2023 02:37 AM

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At December 31, 2017, Ansan Corporation has 9,800 units of model 63 and 7,000 units of model

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