Question
ending inventory is 85,800 and a replacement cost of $145000 on 12/31/2017 a net realizable value of $139,000 and a normal profit of $26,500. 1)
ending inventory is 85,800 and a replacement cost of $145000 on 12/31/2017 a net realizable value of $139,000 and a normal profit of $26,500.
1) what is the dollar value of invetory reported on the balance sheet?
2)what adjustment and journal entry (if any) would be required?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren
3rd Edition
0131800345, 978-0131800342
