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Showtime Company's ending inventory at December 31, 202 includes the following items: Product Units on Hand Unit Cost Net Realizable Value per Unit BB 22
| Showtime Company's ending inventory at December 31, 202 includes the following items: | ||||||||||
| Product | Units on Hand | Unit Cost | Net Realizable Value per Unit | |||||||
| BB | 22 | 100 | 108 | |||||||
| FM | 15 | 156 | 144 | |||||||
| MB | 36 | 190 | 182 | |||||||
| SL | 40 | 72 | 87 | |||||||
| Calculate the LCNRV for the inventory on an itemized product basis and the total | ||||||||||
| Product | Units on Hand | Unit Cost | Net Realizable Value per Unit | LCNRV per unit | LCNRV Total | |||||
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Capex A Knowledge Based Expert System For Substantive Audit Planning
Authors: J. Efrim Boritz, Anthony K. P. Wensley
1st Edition
1558760563, 978-1558760561
