Question
ITEM UNITS COST NRV TOTAL COST TOTAL NRV A General 550 $15 $23 $8,250 $12,650 B General 400 $26 $43 $10,400 $17,200 C Superior 850
| ITEM | UNITS | COST | NRV | TOTAL COST | TOTAL NRV |
| A General | 550 | $15 | $23 | $8,250 | $12,650 |
| B General | 400 | $26 | $43 | $10,400 | $17,200 |
| C Superior | 850 | $10 | $9 | $8,500 | $7,650 |
| D Superior | 620 | $24 | $40 | $14,880 | $24,800 |
Use IFRS only
Using Individual Items Analysis answer the following:
a.Determine the amount of the loss (if any).
b. Determine the value of Total Inventory.
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College Accounting, Chapters 1-27
Authors: James A. Heintz, Robert W. Parry
21st Edition
1285055411, 9781285055411
