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The inventory of Royal Decking consisted of five products, Information about the December 31, 2018, inventory is as follows: $200 240 120 160 100 $220
The inventory of Royal Decking consisted of five products, Information about the December 31, 2018, inventory is as follows: $200 240 120 160 100 $220 260 240 300 140 Costs to sell consist of a sales commission equal to 10% of selling price and shipping costs equal to 5% of cost Required: What unit value should Royal Decking use for each of its products whien applying the lower of cost or net realizable value (LCNRV) rule to units of ending inventory? Product Cost NRV Inventory A $ 200 s 187S 187 C2 204 120 8 240 221 2210 160255 160 10001 1101-1000|
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