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Coronado Corporation has the following four items in its ending inventory. Net Realizable Value (NRV) Item Cost Jokers $2,480 $2,604 Penguins 6,200 6,138 Riddlers 5,456
Coronado Corporation has the following four items in its ending inventory. Net Realizable Value (NRV) Item Cost Jokers $2,480 $2,604 Penguins 6,200 6,138 Riddlers 5,456 5,735 Scarecrows 3,968 4,749 Determine the following the LCNRV for each item. Item LCNRV Jokers $ Penguins Riddlers Scarecrows e Textbook and Media (1) Determine the amount of write-down, if any, using an item-by-item LCNRV evaluation. (If no write-down, enter O for the amounts.) Item Write-down Jokers $ Penguins Riddlers Scarecrows (2) Determine a total category LCNRV evaluation. (If no write-down, enter O for the amount.) $ Total category LCNRV e Textbook and Media
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