1) 2) Lower-of-Cost-or-Market Method On the basis of the data shown below: Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) Item $47 143 295 $44 23 BJ54 21 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...
The following information concerns several of the inventory items at DC's. Net Realizable Value Quantity Unit Cost 80 Description Department A: Model XP 235 Model XP 376 Model XP 522 Department B: Model ZY 114 Model ZY 232 Model ZY 183 105 90 $24.40 28.25 21.50 $23.10 26.50 22.85 76.50 101.50 146.50 76.50 97.50 143.80 1. Determine the amount of...
On the basis of the following data: Commodity Inventory Quantity Unit Cost Price Unit Market Price AL65 40 $292 $291 CA22 36 85 95 LA98 29 122 99 SC16 46 136 123 UT28 14 51 47 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Inventory...
On the basis of the following data: Commodity Inventory Quantity Unit Cost Price Unit Market Price AL65 40 $292 $291 CA22 36 85 95 LA98 29 122 99 SC16 46 136 123 UT28 14 51 47 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Inventory...
Lower-of-Cost-or-Market Method On the basis of the following data, 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 10. Unit Market Price Unit Cost Price Item Inventory Quantity $36 $34 54 IA17 16 18 108 BJ54 X Feedback Check My Work Under lower-of-cost-or-market, for each item in inventory, choose...
PLEASE, INCLUDE ALL THE MATHEMATICAL PROCEDURE. THANKS! HCH Corporation sells copying machines and replacement toners. HCH Corporation sells two models - Model A and Model B. HCH Corporation provided the following information regarding inventory at the end of the current year. Cost of Completion and Disposal Normal Profit Cost S35 170 Item Number of Replacement Selling Units Cost Price Price...
The lo g information concerns several of the inventory items at DC'S. 20 boints Net Realizable Value Quantity Unit Cost eBook los Description Department A: Model XP 235 Model XP 376 Model XP 522 Department : Model ZY 114 Model ZY 232 Model ZY 183 $24.40 20.25 21.50 90 $ 23.10 26.50 22.85 Print 76.50 101.50 146.50 76.50 97.50 References...
On the basis of the following data: Commodity Inventory Quantity Unit Cost Price Unit Market Price AL65 17 $116 $138 CA22 41 104 101 LA98 9 84 63 SC16 19 241 217 UT28 9 233 211 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Inventory...
Using the lower of cost or market, what should the total inventory value be for the following items: Item Inventory Quantity Cost per Unit Market Value per Unit Total Cost Price Total Market Price Lower of Cost or Market A 175 $10 $13 $1,750 $2,275 $ B 77 $19 $16 $1,463 $1,232 $ C 40 $23 $25 $920 $1,000 $...
SLR Corporation has 1,700 units of each of its two products in its year-end inventory. Per unit data for each of the products are as follows: Product 1 Product 2 Cost $ 56 $ 40 Replacement cost 54 31 Selling price 76 42 Selling costs 12 4 Normal profit 16 8 Determine the carrying value of SLR’s inventory assuming that...