question archive Compute the lower-of cost-ornet realizable value Valuation for Aber Company's total inventory based on the following: Inventory Cost Data Nei Realizable Value Data Categories ? $18
Compute the lower-of cost-ornet realizable value Valuation for Aber Company's total inventory based on the following: Inventory Cost Data Nei Realizable Value Data Categories ? $18
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Compute the lower-of cost-ornet realizable value Valuation for Aber Company's total inventory based on the following: Inventory Cost Data Nei Realizable Value Data Categories ? $18.000 $17.200 B 14.000 14.600 C 21.000 20.500
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Lower of Cost or Net Realizable Value
(Unit Basis)
|
Inventory Categories |
Cost (A) |
Net Realizable Value (B) |
Recognized Cost of Inventory (A or B whichever is Low) |
||
| A | $18,000 | $17,200 | $17,200 | ||
| B | 14,000 | 14,600 | $14,000 | ||
| C | 21,000 | 20,500 | $20,500 | ||
| Total | $53,000 | $52,300 | $51,700 |
Answer => $ 51,700
