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Ganezh [65]
3 years ago
12

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or

market to each inventory item.
Product Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value)
Model A 12 $106 $102
Model B 45 84 70
Model C 36 254 243
Model D 31 85 88
Model E 41 132 148

Required:
Determine the value of the inventory at the lower of cost or market.
Business
1 answer:
DedPeter [7]3 years ago
3 0

Answer:

The value of the inventory at the lower of cost or market price is:

= $21,170.

Explanation:

a) Data and Calculations:

Product  Inventory    Cost per Unit  Market Value per Unit     LCNRV

              Quantity                              (Net Realizable Value)

Model A       12                $106                   $102                  $1,225 (12*$102)

Model B      45                    84                       70                     3,150 (45*$70)

Model C     36                  254                    243                     8,748 (36*$243)

Model D     31                     85                      88                     2,635 (31*$88)

Model E     41                    132                    148                      5,412 (41*$132)

Total cost of inventory based on LCNRV (per item)        $21,170

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The management of Lanzilotta Corporation is considering a project that would require an investment of $280,000 and would last fo
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Answer:

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Explanation:

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First step is to calculate the Net Cash inflow for the year

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Now let calculate the Payback period

Using this formula

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Let plug in the formula

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1-When would high Do you think making employees happier at work is a good way of motivating people? When would high satisfaction
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Answer:

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7 0
3 years ago
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Answer:

April 1

J1

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Revenue $5,500 (credit)

J2

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April 2

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April 4

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Explanation:

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Therefore,

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