A physical inventory of Liverpool Company taken at December 31 reveals the following. Per Unit Cost.
A physical inventory of Liverpool Company taken at December 31 reveals the following. Per Unit Cost Market Units Item Car audio equipment Speakers Stereos Amplifiers Subwoofers Security equipment 338 253 319 197 $ 93 114 89 55 $ 101 $ 103 98 44 Alarms 473 284 205 153 96 313 128 87 325 Locks Cameras Binocular equipment Tripods Stabilizers 178 163 73 100 87 108 Required: 1. Compute the lower of cost or market for the inventory applied separately to each item. 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the lower of cost or market for the inventory applied separately to each item. Per Unit Total Item Units LCM applied to: Individual Items Cost Market Cost Market $ 93 $ 101 338 253 114 103 319 89 98 Car audio equipment Speakers Stereos Amplifiers Subwoofers Security equipment Alarms Locks 197 55 44 473 153 128 284 96 87 205 313 325 Cameras Binocular equipment Tripods Stabilizers Total 178 73 87 163 100 108 Required 1 Required 2 > May 16 2022 03:13 PM
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more