Lower-of-Cost-or-Market Method On the basis of the data shown below: Item Inventory Quantity Cost per Unit...
Lower-of-Cost-or-Market Method
On the basis of the data shown below:
| Item | Inventory Quantity |
Cost per Unit |
Market Value per Unit (Net Realizable Value) |
| IA17 | 130 | $55 | $57 |
| TX24 | 251 | 28 | 24 |
Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item, as shown in Exhibit 9.
$
Homework Answers
|
Cost of inventory = (130*55) + (251*24) = 7,150 + 6,024 = 13,174 |
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Lower-of-Cost-or-Market Method On the basis of the data shown below: Item Inventory Quantity Cost per Unit...
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Lower-of-cost-or-market-method
Lower-of-Cost-or-Market Method On the basis of the data shown below: Cost per Unit Market Value per Unit (Net Realizable Value) Item A13Y VZ31 Inventory Quantity 120 245 $59 $55 Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item, as shown in Exhibit 9.
Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Cost per Market Value per Unit Quantity Unit (Net Realizable Value) Item $52 A13Y BJ54 97 186 $57 28 31 Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item, as shown in Exhibit 9. А в ст Т Е Т с EXHIBIT 9 Determining Inventory at Lower of Cost or Market (LCM) AWN 3...
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