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During 20X8, Teal Corp. incurred costs to develop and produce a routine computer software product. These costs are listed below. TEAL, CORP. COSTS INCURRED TO
During 20X8, Teal Corp. incurred costs to develop and produce a routine computer software product. These costs are listed below. TEAL, CORP. COSTS INCURRED TO PRODUCE ROUTINE COMPUTER SOFTWARE PRODUCT FOR YEAR 20X8 Completion of detail program design Costs incurred for coding and testing to establish technological feasibility Other coding costs after establishment of technological feasibility Other testing costs after establishment of technological feasibility Costs of producing product masters for training materials $ 13,000 10,000 24,000 20,000 15,000 Duplication of computer software and training materials from product masters (1,000 units) Packaging product (500 units) In Teal's December 31, 20X8 balance sheet, what amount should be reported in inventory for this software product? 25,000 9,000
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