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The inventory of Waterway Company on December 31, 2022, consists of the following items. Part No. Quantity Cost per Unit Net Realizable Value per Unit
The inventory of Waterway Company on December 31, 2022, consists of the following items. Part No. Quantity Cost per Unit Net Realizable Value per Unit 110 696 $112 $116 111 1,160 66 60 112 580 100 97 113 232 190 216 120 464 236 184 121 1,856 31 1 122 348 282 278 a Part No. 121 is obsolete and has a realizable value of $1 each as scrap. (b) Determine the inventory by the LCNRV method, applying the method to the total of the inventory Inventory as of December 31, 2022 $
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
12th edition
1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411
