Question
Inventory Write-Down The following information for Tuell Company is available Inventory Write-Down The following information for Tuell Company is available: Net realizable value Net realizable
Inventory Write-Down The following information for Tuell Company is available
Inventory Write-Down The following information for Tuell Company is available: Net realizable value Net realizable value less normal profit Replacement cost Required: $5.00 5.20 5.30 $5.00 5.50 5.30 5.20 $5.00 4.90 4.80 4.60 $5.00 4.30 4.00 4.15 $5.00 4.75 4.60 1. Assume Tue" uses the LIFO cost flow assumption. What is the correct inventory value in each of the preceding situations? If required, round your answers to the nearest cent. Case Inventory value 2. Assume Tue" uses the average cost inventory cost flow assumption. What is the correct inventory value in each of the preceding situations? If required, round your answers to the nearest cent. Case Inventory value
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