Question: Support HW7 Navigation 3 4 6 Not complete Finish attempt ... Question 2 Not complete Marked out of 2100 p Flag question Lower of Cost

 Support HW7 Navigation 3 4 6 Not complete Finish attempt ...

Support HW7 Navigation 3 4 6 Not complete Finish attempt ... Question 2 Not complete Marked out of 2100 p Flag question Lower of Cost or Net Realizable Value (LCNRV) Rule Determine the proper total inventory value for each of the following items in Viking Company's ending inventory: a. Viking has 450 rolls of camera film that are past the expiration date marked on the film's box. The films cost $3.30 each and are normally sold for $6.60. To clear out these old films, Viking will drop their selling price to $2.80. There are no related selling costs. b. Viking has five cameras in stock that have been used as demonstration models. The cameras cost $360 and normally sell for $560. Because these cameras are in used condition, Viking has set the selling price at $320 each. Expected selling costs are $20 per camera. New models of the camera (on order) will cost Viking $400 and will be priced to sell at $640. Final inventory value a. S . $ F Check

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