Business, 12.03.2021 15:00 liyahheadhigh
A company has the following information for its inventories A, B, C, and D:
Quantity Historical Cost Net Realizable Value
A 15 $20 $25
B 20 35 30
C 40 25 40
D 25 50 35
The necessary adjustment associated with the lower of cost and net realizable value would be:
a. Inventory 675 Cost of Goods Sold 675
b. Cost of Goods Sold 675 Inventory 675
c. Inventory 475 Cost of Goods Sold 475
d. Cost of Goods Sold 475 Inventory 475
Answers: 3
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A company has the following information for its inventories A, B, C, and D:
Quantity Historical Cos...
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