Answer:
Cost | NRV | LCNRV | |
Jokers | $2000 | 2100 | $2000 |
Penguins | 5000 | 4950 | 4950 |
Riddlers | 4400 | 4625 | 4400 |
Scarecrows | 3200 | 3830 | 3200 |
$14600 | $15505 | ||
Items | LCNRV | ||
Jokers | $2000 | ||
Penguins | $4950 | ||
Riddlers | $4400 | ||
Scarecrows | $3200 | ||
$14550 | |||
ans 1 | wite-down | ||
Items | |||
Jokers | 0 | ||
Penguins | 50 | ||
Riddlers | 0 | ||
Scarecrows | 0 | ||
Ans 2 | |||
Total category LCNRV | $0 | ||
as cost and LCNRV is equal if we take in total | |||
Cost | NRV | LCNRV | |
Jokers | $2000 | 2100 | 2000 |
Penguins | 5000 | 4950 | 4950 |
Riddlers | 4400 | 4625 | 4400 |
Scarecrows | 3200 | 3830 | 3200 |
$14600 | $15505 | $14550 |
determine the amount of write down if any using item by item lcnrv and the total...
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