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Quiz 9.1 Frozen Burritos Frozen Tacos Bean Beef Soft Crunchy Cost 1000 2000 3000 4000 Replace cost 1500 1800 2500 3200 Sell price 1700 1900
Quiz 9.1 Frozen Burritos Frozen Tacos Bean Beef Soft Crunchy Cost 1000 2000 3000 4000 Replace cost 1500 1800 2500 3200 Sell price 1700 1900 3200 3500 Net realizable value 1400 1700 3100 3300 NRV less gross profit 1100 1500 2600 3100 What is total inventory value using lower of cost or NRV on an item basis? What is total inventory value using lower of cost or NRV on catagory basis? What is total inventory value using lower of cost or NRV on total inventory basis?
| Quiz 9.1 | Frozen Burritos | Frozen Tacos | ||
| Bean | Beef | Soft | Crunchy | |
| Cost | 1000 | 2000 | 3000 | 4000 |
| Replace cost | 1500 | 1800 | 2500 | 3200 |
| Sell price | 1700 | 1900 | 3200 | 3500 |
| Net realizable value | 1400 | 1700 | 3100 | 3300 |
| NRV less gross profit | 1100 | 1500 | 2600 | 3100 |
| What is total inventory value using lower of cost or NRV on an item basis? | ||||
| What is total inventory value using lower of cost or NRV on catagory basis? | ||||
| What is total inventory value using lower of cost or NRV on total inventory basis? | ||||
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