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Back to Library QID: #65924

Solution for QID #65924: JaCo has the following inventory at year end: PlasticCase | StudyHelpMe

Subject: Accounting
Status: Verified Solution
JaCo has the following inventory at year end: Plastic                                Cases on hand       Cost per unit       NRV per case Cars and trucks               12                               $80                      $75 Action figures                  18                                 22                        28                  Rubber Pool toys                         20                                 $56                      $62 Sports novelties             80                                  32                         29  Zoo animals                    110                                 17                       15 Cardboard Board games                  30                                   $34                      $24 Jigsaw puzzles                50                                    21                         23   What is JaCo's ending inventory applying LCNRV to total inventory? a.$8,156 b. $8,484 c.$8,358 d.$8,436  
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