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Tamarisk Corporation has the following four items in its ending inventory Item Jokers Penguins Riddlers Scarecrows Cost $2,640 6,600 5,808 4,224 Net Realizable Value (NRV)
Tamarisk Corporation has the following four items in its ending inventory Item Jokers Penguins Riddlers Scarecrows Cost $2,640 6,600 5,808 4,224 Net Realizable Value (NRV) $2,772 6,534 6,105 5,056 Determine the following the LCNRV for each item. Item LCNRV Jokers $ Penguins Riddlers Scarecrows (1) Determine the amount of write-down, if any, using an item-by-item LCNRV evaluation. If no write down, enter for the amounts) Item Write-down Jokers Penguins Riddlers Scarecrows (2) Determine a total category LCNRV evaluation. If no write-down,enter for the amount) Total category LCNRV
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