Rexpected expert please answer it and show full working with steps Current Attempt in ProgressSunland Information Technology Company has the following cost and net realizable value data at December 31, 2024:Inventory CategoriesPersonal computersServersTotal solution printersCost Net Realizable Value$25,00018,00010,000Correct ending inventorySunland Information Technology Company's cost of goods sold for 2024 was $419.100.What is the correct ending inventory that should be reported on the balance sheet at December 31, 2024?$21,50019,5009,200$ What is the correct cost of goods sold that should be reported on the income statement for the year ended December 31, 2024?Correct cost of goods soldTextbook and Media

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Description: Rexpected expert please answer it and show full working with steps Current Attempt in ProgressSunland Information Technology Company has the following cost and net realizable value data at December 31, 2024:Inventory CategoriesPersonal computersServe

Lets understand the basics.As per IAS 2 "Inventory", inventory should be recorded at lower of cost…

Business

Accounting

Current Attempt in Progress Sunland Information Technology Company has the following cost and net realizable value data at December 31, 2024: Inventory Categories Personal computers Servers Total solution printers Cost Net Realizable Value $25,000 18,000 10,000 $21,500 19,500 9,200

Current Attempt in Progress Sunland Information Technology Company has the following cost and net realizable value data at December 31, 2024: Inventory Categories Personal computers Servers Total solution printers Cost Net Realizable Value $25,000 18,000 10,000 $21,500 19,500 9,200

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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