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The inventory of Royal Decking consisted of five products. Information about the December 3 1 , 2 0 2 1 , inventory is as follows:
The inventory of Royal Decking consisted of five products. Information about the December inventory is as follows:
Per Unit
Product Cost Selling Price
A $ $
B
C
D
E
Costs to sell consist of a sales commission equal to of selling price and shipping costs equal to of cost
Required:
What unit value should Royal Decking use for each of its products when applying the lower of cost or net realizable value LCNRV rule to units of ending inventory?The inventory of Royal Decking consisted of five products. Information about the December inventory is as follows:
Costs to sell consist of a sales commission equal to of selling price and shipping costs equal to of cost
Required:
What unit value should Royal Decking use for each of its products when applying the lower of cost or net realizable value LCNRV rule
o units of ending inventory?
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