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Decker Company has five products in its inventory. Information about the December 31, 2018, inventory follows Unit Selling Price Unit Product Quantity Cost 1,250$ 15
Decker Company has five products in its inventory. Information about the December 31, 2018, inventory follows Unit Selling Price Unit Product Quantity Cost 1,250$ 15 19 1,050 900 500 900 8 20 18 The cost to sell for each product consists of a 10 percent sales commission. Required 1. Determine the carrying value of inventory at December 31, 2018, assuming the lower of cost or net realizable value (LCNR applied to individual products 2a. Determine the carrying value of inventory at December 31, 2018, assuming the LCNRV rule is applied to the entire inven 2b. Assuming the inventory write-downs are usual business practice for Decker, record any necessary year-end adjusting e Complete this question by entering your answers in the tabs below Req 1 Req 2A Req 2B Determine the carrying value of inventory at December 31, 2018, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products Product Inventory Value Cost NRV units A 1250 S B 1050 C 900 D 500 E 900 18,750 19,950 1,800 3,500 18,000 62,000 $
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