Pinnacle Electronics purchased 3,500 speakers and has 600 speakers in its ending inventory at a cost of $75 each and a current replacement cost of $65 each. The net realizable value of each speaker in the ending inventory is $60. The ending inventory under lower-of-cost-or-net-realizable-value is: (a) $45,000 (b) $39,000 (c) $36,000 (d) None of the above

Pinnacle Electronics purchased 3,500 speakers and has 600 speakers in its ending inventory at a cost of $75 each and a current replacement cost of $65 each. The net realizable value of each speaker in the ending inventory is $60. The ending inventory under lower-of-cost-or-net-realizable-value is: (a) $45,000 (b) $39,000 (c) $36,000 (d) None of the above

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter10: Cost Analysis For Management Decision Making

Section: Chapter Questions

Problem 2MC: Denali Company manufactures household products such as windows, light fixtures, ladders, and work...

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