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Tema [17]
3 years ago
14

Jenks Company developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value (L

CNRV) basis in valuing inventories: Product Cost NRV A $115,000 $125,000 B $95,000 $75,000 C $175,000 $180,000 After Jenks applies the LCNRV rule, the value of the inventory reported on the balance sheet would be:
Business
1 answer:
Neko [114]3 years ago
7 0

Answer:

$365,000

Explanation:

The computation of the inventory reported on the balance sheet is shown below:

<u>Product                  Cost                NRV            Lower cost</u>

A                            $115,000         $125,000    $115,000

B                            $95,000          $75,000     $75,000

C                            $175,000         $180,000   $175,000

Total                                                                  $365,000

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<h2>Further Explanation</h2>

Bruce Henderson created the BCG growth-share matrix in 1968. He created this chart to assists companies on how to analyze their product line.

This chart has been used by many successful companies and it still plays a key role in business strategy till today.

<h3>The BCG growth-share matrix uses two dimensions to evaluate product.</h3>
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<h3>BCG matrix categorized product into four different groups, which include:</h3>
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  • BCG growth-market share matrix brainly.com/question/13208776
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Answer:Skysong journal $

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