quiz 2 - 4100 2800 1300 dr cogs 1300 cr inven 3000 1300...

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item A 0.65 B 0.45 C 0.7 D 0.75 E 0.9 selling price $1 per unit Disposal cost= 10% of selling Normal profit=30% selling pri inventory cost  market value adjustment  DIRECT METHOD INDIRECT METHOD original cost  perunit
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0.45 0.9 0.6 0.6 0.6 0.4 0.9 0.6 0.6 0.45 0.75 0.9 0.6 0.75 0.7 0.65 0.9 0.6 0.65 0.65 0.85 0.9 0.6 0.85 0.85 total STEPS g 1 NRV= selling price- cost of disposal rice 1-.01=.9 2 nrv less profit= .9-.3=.6 4 median of colum j,k,l 3 compare designated value and original and choose min
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Unformatted text preview: 4100 2800 1300 dr cogs 1300 cr inven 3000 1300 1300 replacement cost per unit net realizable value NRV per unit net realizable value NRV less normal profit per unit designated market value per unit appropriate inventory value per unit dr loss due to market value decline of inven cr allowence on inventory 600 450 700 650 850 3250...
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quiz 2 - 4100 2800 1300 dr cogs 1300 cr inven 3000 1300...

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