Use the information below for the following three questions : Dybala's Nursery uses LIFO cost tow assumption and has developed the following data for its products. The individual types of trees are separated as to their categories Cost Selling Price $1,800 2200 $1.000 1 600 Cost to Replace 5800 1 400 Broadleaf trees Ash Beach Needle leaf trees Cedar FW ESS Apple Cherry $2.500 3.600 51.750 3.350 51 000 3200 $1,800 2 300 $1,400 1 800 31.330 1.700 The costs to sel are 10% of the selling price and the normal profit margin on all trees is 20% of the selling price Determine the reported inventory value assuming the lower of cost or market rule is applied to individual tree products. TTTA 311200T .T.EE Fone Words QUESTION 38 Determine the reported inventory value assuming the lower of cast marki Lapplied to categories of we costo mesto nuk TTT Aria 311200-T.EE T.E.E.. Wordse QUESTION 39 Determine the reported inventory value assuming the lower of cost or market rule is applied to the total inventory TTT Antal . 51200 PON Wordsid Use the information below for the following two questions: Kane Corporation as the loss method and adjustsanwae sccount at year end to record netreatable value adjustments to its inventory. The company started business on January 1, 2020. End-of-year information for its only inventory item is given below Fiscal Year 2020 2021 Cost Basis 5220 000 $315.000 Net Realizable Value 5205 000 $310 000 Record Tend-of-year adjusting entry for 2020 ACCOUNT bebit Credit ATT I Am 311200 . TEE PON Words QUESTION 41 Record the end-of-year adjusting entry for 2021 Account Title Debit Credit Use the information below for the following three questions : Dybala's Nursery uses LIFO cost tow assumption and has developed the following data for its products. The individual types of trees are separated as to their categories Cost Selling Price $1,800 2200 $1.000 1 600 Cost to Replace 5800 1 400 Broadleaf trees Ash Beach Needle leaf trees Cedar FW ESS Apple Cherry $2.500 3.600 51.750 3.350 51 000 3200 $1,800 2 300 $1,400 1 800 31.330 1.700 The costs to sel are 10% of the selling price and the normal profit margin on all trees is 20% of the selling price Determine the reported inventory value assuming the lower of cost or market rule is applied to individual tree products. TTTA 311200T .T.EE Fone Words QUESTION 38 Determine the reported inventory value assuming the lower of cast marki Lapplied to categories of we costo mesto nuk TTT Aria 311200-T.EE T.E.E.. Wordse QUESTION 39 Determine the reported inventory value assuming the lower of cost or market rule is applied to the total inventory TTT Antal . 51200 PON Wordsid Use the information below for the following two questions: Kane Corporation as the loss method and adjustsanwae sccount at year end to record netreatable value adjustments to its inventory. The company started business on January 1, 2020. End-of-year information for its only inventory item is given below Fiscal Year 2020 2021 Cost Basis 5220 000 $315.000 Net Realizable Value 5205 000 $310 000 Record Tend-of-year adjusting entry for 2020 ACCOUNT bebit Credit ATT I Am 311200 . TEE PON Words QUESTION 41 Record the end-of-year adjusting entry for 2021 Account Title Debit Credit
