Question
Presented below is information related to Buffalo Inc.s inventory. (per unit) Historical cost $266.00 $148.40 $74.20 Selling price 296.8 203 103.25 Cost to sell 26.6
Presented below is information related to Buffalo Inc.s inventory. (per unit) Historical cost $266.00 $148.40 $74.20 Selling price 296.8 203 103.25 Cost to sell 26.6 11.2 3.5 Cost to complete 44.8 40.6 29.75
Determine the following: the net realizable value for each item, and the carrying value of each item under LCNRV.
Item Cost NRV LCN RV
Skis $
Parkas $
Boots $
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Accountants Guide To Fraud Detection And Control
Authors: Howard R. Davia, Patrick C. Coggins, John C. Wideman, Joseph T. Kastantin
2nd Edition
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