Rickety Company purchased 1,000 widgets and has 200 widgets in its ending inventory at a cost of

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Rickety Company purchased 1,000 widgets and has 200 widgets in its ending inventory at a cost of HK\($91\) each and a net realizable value of HK\($80\) each. The ending inventory under LCNRV is:

a. HK\($91,000\).

b. HK\($80,000\).

c. HK\($18,200\).

d. HK\($16,000\).


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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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