Presented below is selected information related to Waterway Electronics' inventory. (per unit) Historical cost Selling price...
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Presented below is selected information related to Waterway Electronics' inventory. (per unit) Historical cost Selling price Cost to sell Cost to complete HDTV-50" $ HDTV-42" HDTV-50" $454 TV Stand 582 33 56 HDTV-42" $324 355 16 26 Determine the following: (a) the net realizable value for each item, and (b) the carrying value of each item under LCNRV. (a) NRV TV Stand $65 85 2 7 $ (b) LCNRV Presented below is selected information related to Waterway Electronics' inventory. (per unit) Historical cost Selling price Cost to sell Cost to complete HDTV-50" $ HDTV-42" HDTV-50" $454 TV Stand 582 33 56 HDTV-42" $324 355 16 26 Determine the following: (a) the net realizable value for each item, and (b) the carrying value of each item under LCNRV. (a) NRV TV Stand $65 85 2 7 $ (b) LCNRV
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Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
Posted Date:
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