Coronado Company follows the practice of pricing its inventory at LCNRV, on an individuál-item basis. Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Quantity 1,600 1,300 1,200 1,400 1,100 900 3,400 1,400 Cost per Unit $3.58 3.02 5.04 4.03 2.52 3.36 2.02 5.26 Estimated Selling Price $5.04 3.81 5.60 3.58 3.64 4.37. 2.80 6.72 Cost to Complete and Sell $1.79 1.12 1.57 The amount of Coronado Company's inventory $ 1.51 1.57 0.90 1.34 1.68 From the information above, determine the amount of Coronado Company inventory.
Coronado Company follows the practice of pricing its inventory at LCNRV, on an individuál-item basis. Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Quantity 1,600 1,300 1,200 1,400 1,100 900 3,400 1,400 Cost per Unit $3.58 3.02 5.04 4.03 2.52 3.36 2.02 5.26 Estimated Selling Price $5.04 3.81 5.60 3.58 3.64 4.37. 2.80 6.72 Cost to Complete and Sell $1.79 1.12 1.57 The amount of Coronado Company's inventory $ 1.51 1.57 0.90 1.34 1.68 From the information above, determine the amount of Coronado Company inventory.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter8: Inventories: Special Valuation Issues
Section: Chapter Questions
Problem 5E: Inventory Write-Down The following information is taken from Aden Companys records: Required: 1....
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