Question: Moving to another question will save this response. Question 2 of 33 tion 2 5 points saved X Ltd uses the LCNRV method, on an

 Moving to another question will save this response. Question 2 of

Moving to another question will save this response. Question 2 of 33 tion 2 5 points saved X Ltd uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2011, consists of products D, E and G, Relevant per-unit data for these products appear below. Item D in SAR Item E in SAR Item G in SAR Estimated selling price 135 165 250 120 75 Cost 210 50 45 55 Cost to complete 30 30 40 Selling costs Using the LCNRV rule, determine the proper unit value for statement of financial position reporting purposes at December 31, 2011, for each of the inventory items above. Answer: Note: Students can copy and paste the table LCNRV Cost NRV Item D Item E Item G MacBook Air

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