Crane Video Center accumulates the following cost and net realizable data at December 31. Inventory Categories...
Crane Video Center accumulates the following cost and net
realizable data at December 31.
|
Inventory |
Cost |
Net Realizable |
||||||
| Cameras | $18,000 | $18,450 | ||||||
| Camcorders | 14,250 | 14,550 | ||||||
| Blu-ray players | 21,000 | 19,350 | ||||||
Compute the lower-of-cost-or-net realizable value valuation for the
company’s total inventory.
| The lower-of-cost-or-net realizable value |
$ |
Homework Answers
The lower-of-cost-or-net realizable value:
= $18,000 + $14,250 + $19,350
= $51,600
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