uhting, 16e INTERMEDIATE ACCOUNTING I & II (CBa Study & Practice Assignment Grad

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uhting, 16e INTERMEDIATE ACCOUNTING I & II (CBa Study & Practice Assignment Gradebook ORION Downloadable eTextbook Open Assignment CALCULATOR HESSACE HY Corporation has t SCRIEN PRENTER wing ing inventory Net Realizable tions Final Item Cost Value (NRV) $2,760 Penguins 6,900 Riddlers6,072 $2,898 6,B31 6,383 5,285 Jokers cise 9-2 ctive Determine the following the LCNRV for each item, Item lokers (if no write-down, enter 0 for the amounts.) (1) Datermine the amount of write-down, if any, using an item-by-item LCHRV avaluation. Write-down l 2000.201a.kahnwaer?ans.1ne All Rights Reserved. A Division of at nyt le raserades. ureement PrisacrPoky O Type here to search

Explanation / Answer

Requirement Items LCNRV Jokers 2760 Penguins 6831 Riddlers 6072 Scarecrows 4416 Requirement 1 Items Amount of write-down Jokers 0 Penguins 69 Riddlers 0 Scarecrows 0 Requirement 2 Items LCNRV Jokers 2760 Penguins 6831 Riddlers 6072 Scarecrows 4416 Total category of LCNRV Valuation 20079

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