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

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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 ice 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
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern