calcualte the materiality

Requirement

Calculate the materiality

Finure 8-12 = Household, Inc. Summary Financial Statements (\$ 000 Omitted) pany can realize approximately $175,000 on the sale of this inventory. No other problems were noted associated with the not realizable value audit objective. Tolerable misstatement for inventory was $250,000. Finure 8-12 = Household, Inc. Summary Financial Statements (\$ 000 Omitted) pany can realize approximately $175,000 on the sale of this inventory. No other problems were noted associated with the not realizable value audit objective. Tolerable misstatement for inventory was $250,000