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ndito Company is evaluating its inventory under the LCM/NRV rule. The compile the following information: Item A B C D Quantity 225 Cost Per
ndito Company is evaluating its inventory under the LCM/NRV rule. The compile the following information: Item A B C D Quantity 225 Cost Per Unit $15 300 $25 700 200 $30 $45 NRV Per Unit $17 $22 $27 $49 at should be the total amount credited to Inventory in Bandito's journal entry when they record the appropriate LCM/NRV write-off? a) $0 b) $900 c) $1,250 d) $3,000 e) None of the above. Assuming the costs of certain raw materials used in production changes frequently. The book value of the inventory for these materials at year end will be the same if the perpetual inventory method is use uld be under the periodic inventory method only if the firm uses the a) LIFO b) Weighted Average Cost c) Moving Average Cost d) FIFO e) None of the above. +
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