Question

Kieso, Study & Practice Assignment Gradebook ORION Downloadable eTextbook pen Assignment ESOURCES mework Brief Exercise 9-02 (Part Level Submission) Novak Corporation has the following four items in its ending inventory. 9-01 e 9-02 Gubmission) Net Reallzable Value (NRV) e 9-02 e 9-07 se 9-08 Cost Item $3,000 7,500 6,600 4,800 $3,150 Jokers Penguins se 9-09 7,425 Riddlers 6,938 Scarecrows 5,745 ts by Study (a) Determine the following the LCNRV for each item. Collapse question part Item LCNRV Jokers Penguins Riddlers Scarecrows Open Show Work Click if you would Ilike to Show Work for this question: d(0) LINK TO TEXT

Answer 1

Col I	Col II	Col III	Col IV
Item	Cost	NRV	LCNRV(Lower of Col II and Col III)
Jokers	$3,000	$3,150	$3,000
Penguins	$7,500	$7,425	$7,425
Riddlers	$6,600	$6,938	$6,600
Scarerows	$4,800	$5,745	$4,800