Question
The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Product Hand Cost NRV Audio
The following information pertains to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Product Hand Cost NRV Audio equipment: Wireless audio receivers 327 $193 $182 Touchscreen MP3 players 242 197 217 Audio mixers 308 187 171 Audio stands Video equipment: Televisions 186 79 97 462 247 292 5GB video cards Satellite video recorders Car equipment: GPS navigators 167 165 139 Double-DIN Car Deck with iPod/iPhone Control 152 207 192 and Aux Input 273 165 177 194 607 612 Required: 1. Calculate the LCNRV for the: a. inventory by major group b. inventory, applied separately to each product.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
15th edition
978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290
