PT. Antigen follows the practice of pricing its inventory at LCNRV on an individual items basis (dalam Rp. 000.000) on December 31 2009: Item No Quantity Cost per Unit NRV per Unit 1320 1333 1426 1437 1510 1522 1573 1626 1.200 900 800 1.000 700 500 3000 1.000 3.2 2.7 4.5 3.6 2.25 3.00 1.8 4.7 4.15 3.00 4.6 2.95 2.45 3.4 1.75 5.5   (i) Determine the inventory as December 31 2019 by the LCNRV method, applying to this method to each item (ii) Determine the inventory as December 31 2019 by the LCNRV method, applying the method to the total of the inventory

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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  1. PT. Antigen follows the practice of pricing its inventory at LCNRV on an individual items basis (dalam Rp. 000.000) on December 31 2009:

Item No

Quantity

Cost per Unit

NRV per Unit

1320

1333

1426

1437

1510

1522

1573

1626

1.200

900

800

1.000

700

500

3000

1.000

3.2

2.7

4.5

3.6

2.25

3.00

1.8

4.7

4.15

3.00

4.6

2.95

2.45

3.4

1.75

5.5

 

(i) Determine the inventory as December 31 2019 by the LCNRV method, applying to this method to each item

(ii) Determine the inventory as December 31 2019 by the LCNRV method, applying the method to the total of the inventory

  1. Each of the following gross profit percentage is expressed in term of cost.

     Indicate the gross profit percentage in terms of sales for each of the above

     (i) 20%

     (ii) 25%

     (iii) 331/2%

     (iv) 50%

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