Question
Product A has a cost of $22 per unit and a NRV of $18 per unit, while Product B has a cost of $13 per
Product A has a cost of $22 per unit and a NRV of $18 per unit, while Product B has a cost of $13 per unit and a NRV of $16 per unit. If there are 200 units of Product A and 100 units of Product B at year-end, what would be the amount needed to decrease inventory in the December 31 adjusting entry?
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
12th edition
133451860, 978-0133451863
