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zmey [24]
3 years ago
8

Current Attempt in Progress Nash's Trading Post, LLC developed the following information about its inventories in applying the l

ower-of-cost-or-net-realizable-value(LCNRV) basis in valuing inventories: Product Cost MarketA $84000 $89000 B 59000 56000 C 118000 120000 After Nash's Trading Post, LLC applies the LCNRV rule, the value of the inventory reported on the balance sheet would be:___________. a. $261000. b. $265000. c. $258000. d. $268000.
Business
1 answer:
VashaNatasha [74]3 years ago
5 0

Answer:

c. $258000

Explanation:

The computation of the ending inventory using LCRNV rule is given below:

Product         Cost                Market            LCRNV

A                    $84000           $89000        $84000

B                     $59000           $56000       $56000

C                      $118000          $120000     $118000

Total value                                                  $258,000

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3 years ago
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Answer:

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2 years ago
Last month, a processing facility (such as a check processing facility or a distribution center) transitioned from an unpaced as
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3 years ago
A business owner makes 1000 items a day. Each day she spends 8 hours producing those items. If hired, elsewhere she could have e
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Her economic profit is:

P = R-I-O\\P=\$450,000-\$150,000-\$60,000\\P=\$240,000

The answer is c. ​$240,000.

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A

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