Marigold Corporation has the following four items in its ending inventory: Estimated Selling Price Estimated Disposal...
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Marigold Corporation has the following four items in its ending inventory: Estimated Selling Price Estimated Disposal Costs $2,130 Item Neutrinos Ocillinos Electrons Protons (a) Item Ocillines Neutrinos S Electrons Cost $ 1,850 5,010 4,400 Protons 3,430 Total 4,910 Assume that Marigold is a public company using IFRS. Determine the total value of ending inventory using the lower of cost and net realizable value modal applied on an individual item basis. $ 4,725 4,440 $111 LC and NRV 111 208 102 Marigold Corporation has the following four items in its ending inventory: Estimated Selling Price Estimated Disposal Costs $2,130 Item Neutrinos Ocillinos Electrons Protons (a) Item Ocillines Neutrinos S Electrons Cost $ 1,850 5,010 4,400 Protons 3,430 Total 4,910 Assume that Marigold is a public company using IFRS. Determine the total value of ending inventory using the lower of cost and net realizable value modal applied on an individual item basis. $ 4,725 4,440 $111 LC and NRV 111 208 102
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Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
Posted Date:
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