Solution
Item D | $ 80.00 |
Item E | $ 66.00 |
Item F | $ 63.00 |
Item G | $ 37.00 |
Item H | $ 53.00 |
Item I | $ 38.00 |
Working
Item D | Item E | Item F | Item G | Item H | Item I | |
Selling price (A) | $ 127.00 | $ 117.00 | $ 101.00 | $ 95.00 | $ 117.00 | $ 95.00 |
Cost to complete (B) | $ 32.00 | $ 32.00 | $ 27.00 | $ 37.00 | $ 32.00 | $ 32.00 |
Selling cost (C ) | $ 11.00 | $ 19.00 | $ 11.00 | $ 21.00 | $ 11.00 | $ 21.00 |
Net realizable value [A-(B+C)] | $ 84.00 | $ 66.00 | $ 63.00 | $ 37.00 | $ 74.00 | $ 42.00 |
Cost (D) | $ 80.00 | $ 85.00 | $ 85.00 | $ 85.00 | $ 53.00 | $ 38.00 |
Lower of cost of NRV | $ 80.00 | $ 66.00 | $ 63.00 | $ 37.00 | $ 53.00 | $ 38.00 |
Serel Grdtock Question 6 View Policies Current Attempt in Progress d Concord Company unes the LCNRV...
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Question 6 Current Attempt in Progress Concord Co h en Theater 2020 GHL Reveal for the products are Item Wet Wet G emi Estimated price $127 Cost to come Selling costs Ung the CNR determine the p o w e r December 31, 2000 for oth of the inventory bove
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