question archive QUESTION 2 (2 MARKS)Allegro Music sells musical equipment
QUESTION 2 (2 MARKS)Allegro Music sells musical equipment
Subject:AccountingPrice: Bought3
QUESTION 2 (2 MARKS)Allegro Music sells musical equipment. A detailed list of Allegro Music's inventory follows:
Inventory item
Number of units — year end
Cost per unit
Total cost
NRV* per unit
Total NRV
LCNRV**
Chime set
3
$ 750
$ 2,250
$ 790
$ 2,370
Cymbals
4
70
