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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 337 $187 $198 Touchscreen MP3 players 252 222 202 Audio mixers 318 176 192 Audio stands Video equipment: Televisions 196 102 84 472 297 252 5GB video cards 283 182 170 Satellite video recorders 204 617 646 Car equipment: GPS navigators 177 144 170 Double-DIN Car Deck with iPod/iPhone Control 162 197 212 and Aux Input Required: 1. Calculate the LCNRV for the: a. inventory by major group b. inventory, applied separately to each product. Per Unit LCNRV applied to: a. Inventory Items Units on Hand Cost NRV b. Separately Total cost Total NRV Major Group to Each Product Audio equipment: Wireless audio receivers Touchscreen MP3 players 337 $ 187 $ 198 252 222 202
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Step: 1
To calculate the LCNRV Lower of Cost or Net Realizable Value for the inventory by major group and se...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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