A cycle shop sells 3 makes of bicycles: Mountain Master, Road Master and Gravel Master. Each category offers different sizes. The cost and market price of each type is listed below. Complete the table by applying the lower of cost and net realizable value, Do not mter dollar signs of cummas in the incut.boxes Description Mountain Master Small M Mountain Master Medium M Mountain Master Large M Total Mountain Master Road Master X-Smul Road Master Medium K Road Master Large Total Road Master Category Cravel Master Small Note Gravel Maider |0 Gravel Master Medium 16 MAM M Cost $1,830 $1910 $2,160 $1,140 $1,340 $1,620 $2,100 $2,310 NRV $1,6405 $1,760 $2,250 $12105 $1,2105 $1,420 $1,000 $ 52440 Individual LCNRV Category Total

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A cycle shop sells3 makes of bicycles: Mountain Master, Road Master and Gravel Master. Each category offers different sizes. The cost and market price of each type is listed below. Complete the table by
applying the lower of cost and net realizable value.
Do not enter doller signs or commas in the input boxes
Description
Mountain Master Small M
Mountain Master Medium M
Mountain Master Large M
Total Mountain Master
Road Master X-Small
Road Master Large
Category
Road Master Medium K
Total Road Master
Check
A
Gravel Master Small
Gravel Master Medium 50
Total Gravel Mailer
w
G
Cost
$1,830
$1,910
$2,160
$1,140
$1,340
$1,62
$2,100
$2,310
NRV
$1,6405
$1,760
$2,250 5
$12105
$1,2105
$1,420
$1,900 $
$24405
Individual
LCNRV
Category
Total
Transcribed Image Text:Take me to the text A cycle shop sells3 makes of bicycles: Mountain Master, Road Master and Gravel Master. Each category offers different sizes. The cost and market price of each type is listed below. Complete the table by applying the lower of cost and net realizable value. Do not enter doller signs or commas in the input boxes Description Mountain Master Small M Mountain Master Medium M Mountain Master Large M Total Mountain Master Road Master X-Small Road Master Large Category Road Master Medium K Total Road Master Check A Gravel Master Small Gravel Master Medium 50 Total Gravel Mailer w G Cost $1,830 $1,910 $2,160 $1,140 $1,340 $1,62 $2,100 $2,310 NRV $1,6405 $1,760 $2,250 5 $12105 $1,2105 $1,420 $1,900 $ $24405 Individual LCNRV Category Total
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