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please tell me how this number is suppose to be lower. [The following information applies to the questions displayed below.] A company like Golf USA
please tell me how this number is suppose to be lower.
[The following information applies to the questions displayed below.] A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf clothing and golf equipment As technology advances the design and performance of the next generation of drivers, the older models become less marketable and therefore decline in value. Suppose that in the current year, Ping (a manufacturer of golf clubs) introduces the MegaDriver II, the new and improved version of the MegaDriver. Below are year-end amounts related to Golf USA's inventory. Inventory Shirts MegaDriver MegaDriver II Quantity 28 8 23 Unit Cost $ 53 290 315 Unit NRV $ 63 215 350 2. Calculate ending inventory using the lower of cost and net realizable value. & Answer is complete but not entirely correct. Inventory Shirts MegaDriver Mega Driver Lower of Ending Quantity Cost and Inventory NRV 28$ 53 $ 1,484 8 290 X 2,320 23 315 7.245 11,049Step by Step Solution
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