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CAN AN ACCOUNTANT TUTOR HELP ME WITH MY ACCOUNTING HOMEWORK PLEASE. Lower-of-Cost-or-Market Inventory Data on the physical inventory of Ashwood Products Company as of December
CAN AN ACCOUNTANT TUTOR HELP ME WITH MY ACCOUNTING HOMEWORK PLEASE.
Lower-of-Cost-or-Market Inventory Data on the physical inventory of Ashwood Products Company as of December 31, 2016, follows: Inventory Quantity Unit Market Price B12 38 $ 57 E41 18 180 G19 33 126 L88 18 550 N94 400 7 P24 90 18 R66 8 250 T33 140 20 Z16 15 752 Description Quantity and cost data from the last purchases invoice of the year and the next-to-the-last purchases invoice are summarized as follows: Last Purchases Invoice Description Quantity Purchased Next-to-the-Last Purchases Invoice Unit Cost Quantity Purchased Unit Cost B12 30 $ 60 30 $ 59 E41 35 178 20 180 G19 20 128 25 129 L88 10 563 10 560 N94 500 8 500 7 P24 80 22 50 21 R66 5 248 4 260 T33 100 21 100 19 Z16 10 750 9 745 1. Inventory Sheet December 31, 2016 Description Inventory Quantity 38 18 33 18 400 90 8 140 15 Unit Cost Price Unit Market Price Total Cos 30 $60 $57 8 59 57 $ Check My WorkStep by Step Solution
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