Question
12) Using the information below, determine the ending inventory value applying the lower of cost and net realizable value (market value). Inventory Item Quantity Cost
12) Using the information below, determine the ending inventory value applying the lower of cost and net realizable value (market value).
Inventory Item Quantity Cost Net Realizable Value
Cutlets 200 $ 12 $ 14
Chops 400 $ 16 $ 14
Shanks 300 $ 15 $ 12
A) $13,300.
B) $12,000.
C) $11,600.
D) $13,700.
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mcalpine, Chrisann Lee, Lorena Mitrione, Ngaire Kirk, Lily Wong
7th Edition
0730395294, 978-0730395294
