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3 years ago

The inventory of Royal Decking consisted of five products. Information about the December 31, 2021. Inventory is as follows:

Business

1 answer:

gizmo_the_mogwai [7]3 years ago

7 0

Answer:

Unit values are given below

Explanation:

The unit value Royal Decking should use for each of its products when applying the lower of cost or market (LCM) rule to units of ending inventory can be calculated as follows

Product Cost Replacement NRV NRV - NP Market Inventory Value

A $46 $41 $57.10 $40.60 $41 $41

B $86 $76 $91.10 $64.60 $76 $76

C $46 $61 $75.10 $53.60 $61 $46

D $106 $76 $117.10 $83.10 $83.10 $83.10

E $26 $34 $31.10 $22.10 $31.10 $26

Woking (NRV)

NRV = Selling price -Sales commission - Shipping cost

Product A ($66 - [$66*10%] - [$46*5%]) = $57.10

Product B ($106 - [$106*10%] - [$86*5%]) =$91.10

Product C ($86 - [$86*10%] - [$46*5%]) =$75.10

Product D ($136 - [$136*10%] - [$106*5%]) =$117.10

Product E ($36 - [$36*10%] - [$26*5%]) =$31.10

Working (NRV - NP )

Product A ($57.10 - [$66*25%]) = $40.60

Product B ($91.10 - [$106*25%]) = $64.60

Product C ($75.10 - [$86*25%]) = $53.60

Product D ($117.10 - [$136*25%]) = $83.10

Product E ($31.10 - [$36*25%]) = $22.10

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3 years ago

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Answer:

<em><u>Self-efficacy.</u></em>

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3 years ago

If bonds for Crayon Corporation, with a face value of $150,000, are converted into common stock when the carrying value of the b

Llana [10]

Answer:

Explanation:

the face value of the bonds will the value at which bonds payable account enter the accounting. Then, there is a discount which decrease the net value of the bonds:

Bonds Payable 150,000 credit

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When the bonds are converted, we will write-off these account against common stock and additional paid-in

To wirte-off the account we need to post them in the other side so we got:

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3 years ago

On January 2, 2017, Kellogg Corporation acquired equipment for$800,000. The estimated life of the equipment is 5 years or 80,

lesya692 [45]

Answer:

Book value of the asset = $484,000

Explanation:

Given:

Equipment cost = $800,000

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Computation:

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3 years ago

When maria comes home from work, she finds that her yard has been mowed and trimmed. an hour later, a man comes to her door to c

Andreyy89

Answer:

d. maria would not have to pay anything.

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3 years ago