Ayayai has the following individual inventory items at cost and net realizable value: Part Units Unit Cost X123 Y135 Z246 A369 B258 (a) 21 30 27 9 14 $4.80 3.15 4.60 1.10 2.25 NRV per Unit $4.30 3.90 5.35 1.10 1.95 Determine the lower of cost and net realizable value of the ending inventory for Ayayai. (Round answers to 2 decimal places, e.g. 15.25.) Lower of cost and net realizable value $
Ayayai has the following individual inventory items at cost and net realizable value: Part Units Unit Cost X123 Y135 Z246 A369 B258 (a) 21 30 27 9 14 $4.80 3.15 4.60 1.10 2.25 NRV per Unit $4.30 3.90 5.35 1.10 1.95 Determine the lower of cost and net realizable value of the ending inventory for Ayayai. (Round answers to 2 decimal places, e.g. 15.25.) Lower of cost and net realizable value $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Ayayai has the following individual inventory items at cost and net realizable value:
Part Units Unit Cost
X123
Y135
Z246
A369
B258
(a)
21
30
27
9
14
$4.80
3.15
4.60
1.10
2.25
NRV per Unit
$4.30
3.90
5.35
1.10
1.95
Determine the lower of cost and net realizable value of the ending inventory for Ayayai. (Round answers to 2 decimal places, e.g.
15.25.)
Lower of cost and net realizable value $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F164623c8-d90e-495a-adbf-c7ad903bb49b%2Fe5706c88-ffdb-4764-9242-2903d97eca51%2Fxdpfkec_processed.png&w=3840&q=75)
Transcribed Image Text:Ayayai has the following individual inventory items at cost and net realizable value:
Part Units Unit Cost
X123
Y135
Z246
A369
B258
(a)
21
30
27
9
14
$4.80
3.15
4.60
1.10
2.25
NRV per Unit
$4.30
3.90
5.35
1.10
1.95
Determine the lower of cost and net realizable value of the ending inventory for Ayayai. (Round answers to 2 decimal places, e.g.
15.25.)
Lower of cost and net realizable value $
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