Question
Bramble Corp. accumulates the following cost and net realizable value data at December 31. Inventory Categories Cost Data Net Realizable Value Cameras $10,280 $11,520 Camcorders
Bramble Corp. accumulates the following cost and net realizable value data at December 31.
| Inventory Categories | Cost Data | Net Realizable Value | ||
|---|---|---|---|---|
| Cameras | $10,280 | $11,520 | ||
| Camcorders | 8,410 | 9,170 | ||
| DVDs | 11,570 | 10,430 |
Compute the lower-of-cost-or-net realizable value for companys inventory.
| The lower-of-cost-or-net realizable value | $Enter a dollar amount |
|---|
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Accounting For Non Accounting Students
Authors: John R. Dyson
7th Edition
0273709224, 9780273709220
