Question
13. Deuce Hardware presents the following inventory: Units Cost on hand per unit NRV 1. Electric a. Light Fixture 25 $62 $ 65 b. LED
13. Deuce Hardware presents the following inventory:
Units Cost
on hand per unit NRV
1. Electric
a. Light Fixture 25 $62 $ 65
b. LED Lights 14 11 11
c. GFCI Outlets 32 97 95
2. Hardware
a. Screws 20 $17 $15
b. Spacers 2 11 16
c. Nails 8 12 14
a. What is ending inventory, applying LCNRV by item?
- What is ending inventory, applying LCNRV by group?
- What is ending inventory, applying LCNRV to the entire inventory?
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
71051503, 978-1259066511, 1259066517, 978-0071051507
