subject
Business, 11.12.2019 17:31 rosepederson80

Whispering company uses the lcnrv method, on an individual-item basis, in pricing its inventory items. the inventory at december 31, 2020, consists of products d, e, f, g, h, and i. relevant per unit data for these products appear below. item d item e item f item g item h item i estimated selling price $134 $123 $106 $101 $123 $101 cost 84 90 90 90 56 40 cost to complete 34 34 28 39 34 34 selling costs 11 20 11 22 11 22 using the lcnrv rule, determine the proper unit value for balance sheet reporting purposes at december 31, 2020, for each of the inventory items above.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 11:00
Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.
Answers: 2
question
Business, 22.06.2019 11:00
T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow
Answers: 1
question
Business, 22.06.2019 14:50
The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?
Answers: 1
question
Business, 22.06.2019 17:00
Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.
Answers: 2
You know the right answer?
Whispering company uses the lcnrv method, on an individual-item basis, in pricing its inventory item...
Questions
question
History, 02.11.2020 22:20
question
Physics, 02.11.2020 22:20
question
Health, 02.11.2020 22:30
question
Mathematics, 02.11.2020 22:30
question
Mathematics, 02.11.2020 22:30
question
Mathematics, 02.11.2020 22:30
Questions on the website: 13722361