Question
TamariskCorporation has the following four items in its ending inventory. Item Cost Net Realizable Value (NRV) Jokers $2,280 $2,394 Penguins 5,700 5,643 Riddlers 5,016 5,273
Tamarisk Corporation has the following four items in its ending inventory.
Item
Cost Net Realizable Value (NRV)
Jokers $2,280 $2,394
Penguins 5,700 5,643
Riddlers 5,016 5,273
Scarecrows 3,648 4,366
Determine the following the LCNRV for each item.
Jokers -
Penguins -
Riddlers-
Scarecrows-
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
10th Canadian edition Volume 1
978-0134213101, 134213106, 133855376, 978-0133855371
