Question

Question 6 Current Attempt in Progress Concord Co h en Theater 2020 GHL Reveal for the products are Item Wet Wet G emi Estimated price $127 Cost to come Selling costs Ung the CNR determine the p o w e r December 31, 2000 for oth of the inventory bove

Answer 1

Solution

Item D	$    80.00
Item E	$    66.00
Item F	$    63.00
Item G	$    37.00
Item H	$    53.00
Item I	$    38.00

Working

	Item D	Item E	Item F	Item G	Item H	Item I
Selling price (A)	$ 127.00	$ 117.00	$ 101.00	$    95.00	$ 117.00	$    95.00
Cost to complete (B)	$    32.00	$    32.00	$    27.00	$    37.00	$    32.00	$    32.00
Selling cost (C )	$    11.00	$    19.00	$    11.00	$    21.00	$    11.00	$    21.00
Net realizable value [A-(B+C)]	$    84.00	$    66.00	$    63.00	$    37.00	$    74.00	$    42.00
Cost (D)	$    80.00	$    85.00	$    85.00	$    85.00	$    53.00	$    38.00
Lower of cost of NRV	$    80.00	$    66.00	$    63.00	$    37.00	$    53.00	$    38.00