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
MaRussiya [10]
3 years ago
10

Wildhorse Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Item No. Quantity Cost pe

r Unit Estimated Selling Price Cost to Complete and Sell 1320 1,400 $3.78 $5.31 $1.89 1333 1,100 3.19 4.01 1.18 1426 1,000 5.31 5.90 1.65 1437 1,200 4.25 3.78 1.59 1510 900 2.66 3.84 1.65 1522 700 3.54 4.60 0.94 1573 3,200 2.12 2.95 1.42 1626 1,200 5.55 7.08 1.77 From the information above, determine the amount of Wildhorse Company inventory.
Business
1 answer:
katovenus [111]3 years ago
4 0

Answer:

Wildhorse Company

The amount of the inventory is:

= $30,496.

Explanation:

a) Data and Calculations:

Item No. Quantity    Cost per   Estimated   Cost to  NRV  LCNRV Inventory

                                   Unit      Selling Price     Sell                              Value

1320         1,400         $3.78       $5.31           $1.89   $3.42  $3.42    $4,788

1333          1,100            3.19         4.01              1.18      2.83    2.83        3,113

1426        1,000            5.31         5.90            1.65      4.25    4.25      4,250

1437        1,200            4.25         3.78            1.59      2.19     2.19      2,628

1510          900            2.66         3.84            1.65      2.19     2.19        1,971

1522         700            3.54         4.60           0.94      3.66    3.54       2,478

1573      3,200             2.12         2.95            1.42      1.53     1.53       4,896

1626      1,200            5.55         7.08             1.77      5.31     5.31       6,372

Inventory value =                                                                            $30,496

You might be interested in
Each business unit has marketing and other specialized activities (e.g., finance, manufacturing, or research and development) at
grandymaker [24]

This is an example of business unit level.

4 0
3 years ago
Read 2 more answers
What ways can land contribute to production
wel

Answer:

yes land can contribute to production.

Land is the only place to grow crops and to do farming. if we do good to land by using organic fertilizers then production will also be good. so land is the only source for the production of crops as land provides minerals and vitamins to the plants for the production of crops.

8 0
3 years ago
What element of the G3 15 can users control from Alienware Command center (select all that apply)
alisha [4.7K]

Answer:

You need more info

Explanation:

4 0
2 years ago
Tri-State Mill uses a special sander to finish lumber. Data on the sander and its usage follow. Cost Driver Rate Cost Driver Vol
Nadusha1986 [10]

Answer and Explanation:

The computation of the unused resource capacity in energy and repairs for Tri-State Mill. is shown below;

For energy

= $6,900 - 6,000 × $0.90

= $6,900 - $5,400

= $1,500

For repairs

= $12,000 - 600 × $16

= $12,000 - $9,600

= $2,400

Hence, the unused resource capacity in energy and repairs for Tri-State Mill. is $1,500 and $2,400 respectively

7 0
3 years ago
What are the 3 levels of access that can be granted to Team users of QuickBooks Online Accountant
zimovet [89]

Answer:

In QuickBooks Online Accountant, users with admin access and Firm Owners and have the authority to access of other users in the firm. The 3 levels of access that can be granted to Team users of QuickBooks Online Accountant are:

  • <u>Full :</u> these users have access to accounting features, and books such as edit, remove and add users.
  • <u>Basic :</u> These users have access to create and read accounting.
  • <u>Custom:</u> These users can access administrative functions for the firm , access to manage clients  and  access to client QuickBooks .

3 0
2 years ago
Other questions:
  • A recent study in your reading suggested that ______ spend 13% more than an average customer and refer business equal to 45% of
    12·1 answer
  • A savings account earns 8.4% (APR) interest calculated monthly, paid into the account at the end of 6 months. Cooper deposits $2
    9·1 answer
  • The current market value of the assets of AMN Co. is $47 million, with a standard deviation of 21 percent per year. The firm has
    11·1 answer
  • Which office do you contact to pay your bill at the University of the Cumberlands?
    5·1 answer
  • Under process model, organizational effectiveness is portrayed by having internal conflict where information flows easily both h
    11·1 answer
  • Peach Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000 units dur
    14·1 answer
  • Assume that the quantity of X is measured on the horizontal axis, and the quantity of Y is measured on the vertical axis. Assume
    13·1 answer
  • What are the concerns in cash management, and how does cash management iss help financial managers?
    6·1 answer
  • How is a contingent liability reported if it is considered ""reasonably possible?""
    15·1 answer
  • Make a list of profession and identify their levels​
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!