The information shown below relating to the ending inventory was taken at lower of cost or...
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The information shown below relating to the ending inventory was taken at lower of cost or NRV from the records of Electronics Corp.: Inventory Classification Per Unit NRV Quantity Cost Keyboards Stock A 24 $104 $ Stock B 29 93 Stock C 27 118 Hard drives Stock X 37 198 Stock Y 64 174 CD burners Stock D Stock E 96 89 64 218 127 157 71 143 173 207 Required: 1-a. Determine the valuation of the above inventory at cost by individual items. The information shown below relating to the ending inventory was taken at lower of cost or NRV from the records of Electronics Corp.: Inventory Classification Per Unit NRV Quantity Cost Keyboards Stock A 24 $104 $ Stock B 29 93 Stock C 27 118 Hard drives Stock X 37 198 Stock Y 64 174 CD burners Stock D Stock E 96 89 64 218 127 157 71 143 173 207 Required: 1-a. Determine the valuation of the above inventory at cost by individual items.
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Related Book For
Intermediate Accounting Volume 1
ISBN: 9781260306743
7th Edition
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod Dick
Posted Date:
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