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undefined Oriole Corporation has the following four items in its ending inventory. Item Cost Jokers Net Realizable Value (NRV) $2,940 6,930 6,475 5,362 $2,800 7,000
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Oriole Corporation has the following four items in its ending inventory. Item Cost Jokers Net Realizable Value (NRV) $2,940 6,930 6,475 5,362 $2,800 7,000 6,160 4,480 Penguins Riddlers Scarecrows Determine the following the LCNRV for each item. Item LCNRV Jokers $ Penguins Riddlers Scarecrows (1) Determine the amount of write-down, if any, using an item-by-item LCNRV evaluation. (If no write-down, enter O for the amounts.) Item Write-down Jokers Penguins Riddlers Scarecrows (2) Determine a total category LCNRV evaluation. (If no write-down, enter O for the amount.) $ Total category LCNRVStep by Step Solution
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