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Cullumber Company has the following cost and net realizable value data at December 31, 2021: Inventory Categories Cost Net Realizable Value Personal computers $24.100 $21,500
Cullumber Company has the following cost and net realizable value data at December 31, 2021: Inventory Categories Cost Net Realizable Value Personal computers $24.100 $21,500 Servers 18,900 19.500 Total solution printers 10.000 6,700 Calculate the lower of cost and net realizable value valuation assuming Cullumber Company applies LCNRV to individual products. Lower of cost and net realizable value $ 600 Cloudy What adjustment should the company record if it uses a perpetual inventory system? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit Account Titles and Explanation I (To record adjustment to cost of goods sold.) Attempts: 0 of 1 used Submit Answe Save for Later OEN 6C Clou
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