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Question five: (10 marks) The following information available on fiscal count of Raton ending inventory: Group FS Group DR Item A Item B Group TV

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Question five: (10 marks) The following information available on fiscal count of Raton ending inventory: Group FS Group DR Item A Item B Group TV Item C Item D Item E Unuts Item F 250 300 50 200 400 70 Selling price 67 32 43 62 56 Expected cost to Sell 12 8 8 2 Cost 11 35 30 30 55 6 SO 14 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 S250? Question six: (15 marks) C 3 of

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