Check my work Required information [The following information applies to the questions displayed…
Check my work Required information [The following information applies to the questions displayed below) Home Furnishings reports inventory using the lower of cost and net realizable value (NRV), Below is information related to its year-end inventory. Inventory Purniture Electronics Quantity 300 60 Unit Cast $ 95 500 Unit NRV $110 350 Required: 1. Calculate the total recorded cost of ending inventory before any adjustments. Cost of ending inventory (before adjustment) Check my w ! Required information [The following information applies to the questions displayed below) Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory Inventory Quantity Unit Cont Unit NRV Furniture 300 $95 Electronics 60 500 350 $110 2. Calculate ending inventory using the lower of cost and not realizable value Inventory Quantity Lower of Cost and NRV per unit Ending Inventory Furniture Electronics May 16 2022 03:12 PM
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