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Showtime Companys ending inventory at December 31, 2020, includes the following items: Product Units on Hand Unit Cost Net Realizable Value Per Unit BB 30
Showtime Companys ending inventory at December 31, 2020, includes the following items:
| Product | Units on Hand | Unit Cost | Net Realizable Value Per Unit | ||||||
| BB | 30 | $ | 118 | $ | 123 | ||||
| FM | 15 | 153 | 146 | ||||||
| MB | 44 | 194 | 180 | ||||||
| SL | 48 | 86 | 100 | ||||||
Required: Calculate LCNRV for the inventory:
a. As a whole (assuming the items are similar).
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Artificial Intelligence For Audit, Forensic Accounting, And Valuation A Strategic Perspective
Authors: Al Naqvi
1st Edition
1119601886, 9781119601883
