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alina1380 [7]
2 years ago
9

On December 31, Cruise Company has 18,000 units of an inventory item, which cost $46 per unit when purchased on June 15. The sel

ling price was $86 per unit. On December 30, the net realizable value was $48 per unit. At what amount should the 18,000 units of inventory be reported at on the December 31 balance sheet
Business
1 answer:
Maksim231197 [3]2 years ago
6 0

Answer:

the inventory be reported at on the December 31 balance sheet is $828,000

Explanation:

Here the inventory should be recorded at lower of cost or net realizable value

Since the cost per unit is $46

And, the net realizable value is $48

So, the lowest cost per unit is $46

Now the ending inventory reported is

= 18,000 units × $46 per unit

= $828,000

hence, the inventory be reported at on the December 31 balance sheet is $828,000

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Answer:

The correct answer is letter "B": 180.

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3 years ago
Determinants of how long a firm should borrow money include?
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4 0
1 year ago
A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same
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Sellers should consider the "highest" bid; warn all potential buyers that other deals are "at the table;" they can "compare" one offer by put the another offer on the side pending a counter-offer vote, or they can "fight" one offer and refuse the other.

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<em>Your question is incomplete. please read below to find the full content.</em>

The Simple Rate Of Return Focuses On Accounting Net Operating Income Rather Than On Cash Flows.

A) TRUE

B) FALSE

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