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please answer all questions with all questions will surely rate the answer and please answer it fast. Thanks 1. Using the lower of cost and
please answer all questions with all questions will surely rate the answer and please answer it fast. Thanks
1. Using the lower of cost and NRV approach applied on an individualdtem basits, calculate the inventory valuation that ahould be reported for each product on December 31, 2020. 2. Prepare the journal entry required to adjust the inventory valuation. 1. Prepare schedules to ealculate the cost of goods sold and ending inventory at January 31,2020 , under each of the following imventory methods: a. FiFO. b. Periodic Weighted-Average. c. Perpetual Moving Weighted average. Show supporting calculations in pood form. Calfornia Corp. is preparing the financial statements as ins fiscal year end, danuary 34, 2020 . The foilouing infornation is available Instructions Caiculate the ending inventery at cost at January 31, 2020, using the retail method that approximates lower of average cost and market. Your solution should be in good form with amounts cleanly labelled. Carry the cost ratio to two decintals, e.9.- 62.34%5 Step by Step Solution
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