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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
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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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 Correct ending inventory Sunland 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? $21,500 19,500 9,200 $
Transcribed Image Text: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 Correct ending inventory Sunland 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? $21,500 19,500 9,200 $
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 sold Textbook and Media
Transcribed Image Text: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 sold Textbook and Media
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