Question
JaCo has the following inventory at year end: Plastic Cases on handCost per unit NRV per case Cars and trucks12$80$75 Action figures182228 Rubber Pool toys20$56$62
JaCo has the following inventory at year end:
Plastic Cases on handCost per unit NRV per case
Cars and trucks12$80$75
Action figures182228
Rubber
Pool toys20$56$62
Sports novelties803229
Zoo animals 1101715
Cardboard
Board games30$34$24
Jigsaw puzzles502123
What is JaCo's ending inventory applying LCNRV by group?
a.$8,156b. $8,484c.$8,358d.$8,436
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Integrated Accounting For Windows
Authors: Dale A. Klooster, Warren Allen
6th Edition
0324664850, 9780324664850
