Do not give answer in image Han Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the products are asfollows:CostSelling priceCosts to sellProduct123Product 11$ 20406Required:What unit values should Han use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule toending inventory?CostProduct 2 Product 3$.90$ 5012040NRV7010Per Unit InventoryValue

Name: Do not give answer in image Han Company has three products in its endi
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Description: Do not give answer in image Han Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the products are asfollows:CostSelling priceCosts to sellProduct123Product 11$ 20406Required:What unit value

Net Realizable value = Selling price - cost to sale Product 1 = $40 - $6 = $34 Product 2 = $120…

Business

Accounting

Han Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the prod follows: Cost Selling price Costs to sell Product 1 2 3 Product 1 Product 2 Product 3 $ 20 $.90 $ 50 40 120 6 40 Required: What unit values should Han use for each of its products when applying the lower of cost or net realizable value (LCNRV) ending inventory? Cost NRV 地 Per Unit Inventory Value 70 10

Han Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the prod follows: Cost Selling price Costs to sell Product 1 2 3 Product 1 Product 2 Product 3 $ 20 $.90 $ 50 40 120 6 40 Required: What unit values should Han use for each of its products when applying the lower of cost or net realizable value (LCNRV) ending inventory? Cost NRV 地 Per Unit Inventory Value 70 10

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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