Intermediate Ch. 9

Intermediate Ch. 9 - Thermal windows $140,000 $126,000...

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Net Realizable Value Less a Designated Replacement Sales Net Realizable Normal Normal Profit Market Cost Cost Price Value (Ceiling) Profit Margin (Floor) Value Aluminum siding $70,000 $62,500 $64,000 $56,000 $5,100 $50,900 $56,000 Cedar shake siding $86,000 $79,400 $94,000 $84,800 $7,400 $77,400 $79,400 Louvered glass doors $112,000 $124,000 $186,400 $168,300 $18,500 $149,800 $149,800
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Unformatted text preview: Thermal windows $140,000 $126,000 $154,800 $140,000 $15,400 $124,600 $126,000 Total $408,000 $391,900 $499,200 $449,100 $46,400 $402,700 $411,200 Amount Adjustment Required in of Valuation Effect Inventory Inventory Valuation Account on Net Date at Cost at Market Account Balance Income $27,500 May 31, 2010 $408,000 $411,200 27,500 dec. Gain...
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