Question
D & B Sounds Inc. has accumulated the following cost and net realizable value (RV) data on March 31: Cost Data NRV Data Stereos $48,000
D & B Sounds Inc. has accumulated the following cost and net realizable value (RV) data on March 31:
Cost
Data
NRV
Data
Stereos
$48,000
$40,800
Radios
36,000
38.000
DVDs
56,000
51,000
$140,000
$129,800
Using the lower of cost and NRV, what is the LCNRV of the ending inventory?
- $127,800
- $120,000 $130,000
- $140.000
D & B Sounds Inc. has accumulated the following cost and net realizable value (RV) data on March 31:
Cost
Data
NRV
Data
Stereos
$48,000
$40,800
Radios
36,000
38.000
DVDs
56,000
51,000
$140,000
$129,800
Using the lower of cost and NRV, what is the LCNRV of the ending inventory?
- $127,800
- $120,000 $130,000
- $140.000
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Cloud 9 Pty Ltd An Audit Case Study
Authors: John Wiley
1st Edition
0730329879, 978-0730329879
