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nly 9b question thANKS!

nly 9b question thANKS!

Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter7: Payroll
Section: Chapter Questions
Problem 1.12C
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only 9b question thANKS!

2. Prepare the appropriate entry, if any, for 1(a) and 1(b). View transaction list Journal entry worksheet 1 2 > Record the entry to write inventory down to LCNRV (major group). Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general joumal
Transcribed Image Text:2. Prepare the appropriate entry, if any, for 1(a) and 1(b). View transaction list Journal entry worksheet 1 2 > Record the entry to write inventory down to LCNRV (major group). Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general joumal
The following information pertalns to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Product Hand Cost NRV Audio equipment: Wireless audio receivers Touchscreen MP3 players 332 247 $199 $188 203 223 Audio mixers 313 193 177 Audio stands 191 85 103 Video equipment: Televisions 467 253 298 5GB video cards 278 171 183 Satellite video recorders 199 613 618 Car equipment: GPS navigators 172 171 145 Double-DIN Car Deck with iPod/iPhone Control 157 213 198 and Aux Input Requlred: 1. Calculate the LCNRV for the: a. Inventory by major group b. Inventory, applied separately to each product. Per Unit LCNRV applied to: b. Inventory Items Separately to Each Product a. Units on Hand Cost NRV Total cost Total NRV Major Group Audio equipment: Wireless audio receivers 332 199 188 Touchscreen MP3 players 247 203 223
Transcribed Image Text:The following information pertalns to the physical inventory of Electronics Unlimited taken at December 31: Per Unit Units on Product Hand Cost NRV Audio equipment: Wireless audio receivers Touchscreen MP3 players 332 247 $199 $188 203 223 Audio mixers 313 193 177 Audio stands 191 85 103 Video equipment: Televisions 467 253 298 5GB video cards 278 171 183 Satellite video recorders 199 613 618 Car equipment: GPS navigators 172 171 145 Double-DIN Car Deck with iPod/iPhone Control 157 213 198 and Aux Input Requlred: 1. Calculate the LCNRV for the: a. Inventory by major group b. Inventory, applied separately to each product. Per Unit LCNRV applied to: b. Inventory Items Separately to Each Product a. Units on Hand Cost NRV Total cost Total NRV Major Group Audio equipment: Wireless audio receivers 332 199 188 Touchscreen MP3 players 247 203 223
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