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Departures from Acquisition Cost Determine the proper total inventory value for each of the following items in Parker Company's ending inventory a. Parker has 70
Departures from Acquisition Cost Determine the proper total inventory value for each of the following items in Parker Company's ending inventory a. Parker has 70 model X3 cameras in stock. The cameras cost $160 each, but their year-end net realizable is only $140. b. Parker has 600 rolls of film that are past the expiration date since film is now a slow moving item. The film cost $2.00 each and normally sells for $4.00. Parker has put the expired film on clearance and is selling it for $1.50 per roll. There are no related selling costs. C. Parker has five computers in stock that have been used as demonstration models. These computers cost $400 and normally sell for $550. Because they are used, Parker is selling them for $350 each. Expected selling costs are $10 per computer. New models of the computer (on order 2) will cost Parker $420 and will be priced to sell at $590 a. 50 b. $0 C. $ Check
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