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Mathematics, 29.09.2021 19:10 skypeltier
Inventory Write-DownStiles Corporation uses the FIFO cost flow assumption and is in the process of applying the LCNRV rule for each of two products in its ending inventory. A profit margin of 30% on the selling price is considered normal for each product. Specific data for each product are as follows:Product AProduct BHistorical cost$80 $96Replacement cost70 98Estimated cost of disposal32 30Estimated selling price150 120Required:What is the correct inventory value for each product?Product A$fill in the blank 1118per unitProduct B$fill in the blank 2per unit
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