Coronado Corporation has the following four items in its ending inventory.Net RealizableItemCostValue (NRV)Jokers$2,480$2,604Penguins6,2006,138Riddlers5,4565,735Scarecrows3,9684,749Determine the following the LCNRV for each item.ItemLCNRVJokersPenguinsRiddlersScarecrows%24 (1) Determine the amount of write-down, if any, using an item-by-item LCNRV evaluation. (amounts.)ItemWrite-downJokers%$4PenguinsRiddlersScarecrows(2) Determine a total category LCNRV evaluation. (If no write-down, enter O for the amount)$4Total category LCNRV%24

Name: Coronado Corporation has the following four items in its ending inven
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Description: Coronado Corporation has the following four items in its ending inventory.Net RealizableItemCostValue (NRV)Jokers$2,480$2,604Penguins6,2006,138Riddlers5,4565,735Scarecrows3,9684,749Determine the following the LCNRV for each item.ItemLCNRVJokersPengu

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Coronado Corporation has the following four items in its ending inventory. Net Realizable Item Cost Value (NRV) Jokers $2,480 $2,604 Penguins 6,200 6,138 Riddlers 5,456 5,735 Scarecrows 3,968 4,749 Determine the following the LCNRV for each item. Item LCNRV Jokers Penguins Riddlers Scarecrows

Coronado Corporation has the following four items in its ending inventory. Net Realizable Item Cost Value (NRV) Jokers $2,480 $2,604 Penguins 6,200 6,138 Riddlers 5,456 5,735 Scarecrows 3,968 4,749 Determine the following the LCNRV for each item. Item LCNRV Jokers Penguins Riddlers Scarecrows

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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