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note: Please solve in (IFRS) principles method not (FASB) Question five: (10 marks) The following information available on fiscal count of Raton ending inventory: Group
note: Please solve in (IFRS) principles method not (FASB)
Question five: (10 marks) The following information available on fiscal count of Raton ending inventory: Group FS Group DR Group TV Item A Item B Item C Item D Item E Item F Units 250 300 50 200 400 70 Selling price 67 32 43 62 14 56 Expected cost to Sell 12 7 8 8 2 11 Cost 55 30 30 55 6 80 Required: 1- If the company pricing its inventory at LCNRV, calculate the ending inventory at total, groups and individual methods? 2- if the company use the total method and allowance method journalize any entry required for LCNRV if the adjusted has debited balance $250 Step by Step Solution
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