Winners Inc had three items in its ending inventory. The companys inventory information is for item TB quantity cost per item $ selling price is $ cost to complete is $ cost to sell is $ cost to transport is $ For item VW quantity is cost per item $selling price is $cost to complete is $cost to sell is $cost to transport is $ For item RG quantity is cost per item is $selling price is $cost to complete is $cost to sell is $cost to transport is $ Determine the LCNRV for item TB Determine the LCNRV for item VW Determine the LCNRV for item RG Determine the final inventory using total category LCNRV method.

Answer rating: 100% (QA)

To determine the Lower of Cost or Net Realizable Value LCNRV for each item and the final inventory u... View the full answer