Question
Blue Corporation has the following four items in its ending inventory. Item Cost Net Realizable Value (NRV) Jokers $2,880 $3,024 Penguins 7,200 7,128 Riddlers 6,336
Blue Corporation has the following four items in its ending inventory.
| Item | Cost | Net Realizable Value (NRV) | |||
|---|---|---|---|---|---|
| Jokers | $2,880 | $3,024 | |||
| Penguins | 7,200 | 7,128 | |||
| Riddlers | 6,336 | 6,660 | |||
| Scarecrows | 4,608 | 5,515 | |||
Determine the following the LCNRV for each item.
| Item | LCNRV | |
|---|---|---|
| Jokers | $enter a dollar amount | |
| Penguins | enter a dollar amount | |
| Riddlers | enter a dollar amount | |
| Scarecrows | enter a dollar amount |
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Connect For Computer Accounting With Quickbooks Online
Authors: Donna Kay
2nd Edition
1264152272, 9781264152278
