1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
poizon [28]
2 years ago
12

The inventory of Whispering Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Reali

zable Value 110 640 $115.00 $121.00 111 950 72.60 63.00 112 460 96.80 92.00 113 210 205.70 217.80 120 360 248.00 252.00 121 a 1,600 19.00 1.00 122 310 290.40 284.00 a Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31, 2020, by the LCNRV method, applying this method to each item.
Business
1 answer:
lorasvet [3.4K]2 years ago
8 0

Answer:

a.  the ending inventory is $397,887

Explanation:

The computation of the inventory by the LCNRV Method is as follows;

As we know that the inventory should be reported at lower cost or net realizable value

So according to the given situation , the inventory based on LCNRV method to each item is $397,887

Hence, the ending inventory is $397,887

For calculation kindly see the attachment below:

You might be interested in
2. What are some reasons the seller was willing to sell the product at this price?​
Setler79 [48]

To get it out of His hands

Explanation:

Just tired and ready to let it go

4 0
2 years ago
Tammy has just opened a donut shop called the rabbit hole. given that the rabbit hole is in its start-up phase, which of these w
Yakvenalex [24]
Sisgsksbgkavaknaks sbs
8 0
2 years ago
If your vehicle has an EFI system,
marta [7]
C: electronic fuel injection system control the fuel and air flow automatically during ignition. (In fact the most modern system probably completely ignore throttle input during ignition, at least those that are drive by wire rather than mechanical connections)
3 0
3 years ago
______ is a tool that reminds managers to look at several distinct categories in the macro environment.
nata0808 [166]

Pestel  is a tool that reminds managers to look at several distinct categories in the macro environment.

<h3>What is the macro environment?</h3>

This is the term that is used to refer to the environment that is made up of the major forces that are both external and also uncontrollable that is used to influence the decision making process of a firm.

The macro environment is made up of such factors such as demographics, economy, technology, political and a lot more of other factors. They are used to control the decision making process in the nation. It is also referred to as the environment at large

Read more on macro environment here: brainly.com/question/16080962

#SPJ1

5 0
1 year ago
Shaq and Kobe are parties to a business contract containing a binding arbitration clause. A dispute between Shaq and Kobe is sub
sveta [45]

Most likely, Shaq will ask that the court overturn the award based on the acceptance of the bribe by Pat.

Option - b

<u>Explanation: </u>

Arbitration is a method to solve quarrels outside the court. The quarrel will be decided by the arbitral tribunal which gives the arbitration award. This award is lawfully compulsory from both the parties and enforceable in the courts.

The court can impose but these awards will be overturned by the court only in special cases. The court will declare void, or ignore to accept an arbitration award if it is a fraud product or misbehavior by the arbitrator.

7 0
2 years ago
Other questions:
  • In the portfolio matrix, characteristics of goods and services in the leverage quadrant are: Group of answer choices competitive
    5·1 answer
  • You are the owner of a Comfort Inn and would like to hire a new general manager. In terms of preventing possible agency problems
    12·1 answer
  • What is the one thing that is both a strength and a weakness for the rail industry?
    8·1 answer
  • During the year a parent makes sales of inventory at a profit to its 75 percent owned subsidiary. The subsidiary also makes sale
    10·1 answer
  • Rachel is a manager at Eco Toys. Colin is her least preferred coworker because he meddles with the store accounts frequently. De
    13·1 answer
  • The General Fund reported a beginning balance of inventory of materials and supplies of $122,000. The ending balance was $150,00
    8·1 answer
  • Which statement is true of an adjustable rate mortgage?
    8·1 answer
  • What should you do after attending a college fair?
    13·2 answers
  • Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine the specific eight-digit Codific
    13·1 answer
  • Malibu Corporation has monthly fixed costs of $59,000. It sells two products for which it has provided the following information
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!