Quantity Cost $126 31 Net Realizable Value $157 26 Product Revolvers 14 Spurs Hats 27 11 54 44

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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Question
Net
Realizable
Quantity Cost
14
27
Product
Value
$157
26
Revolvers
$126
31
Spurs
Hats
11
54
44
At what amount should OldWest report its inventory?
Transcribed Image Text:Net Realizable Quantity Cost 14 27 Product Value $157 26 Revolvers $126 31 Spurs Hats 11 54 44 At what amount should OldWest report its inventory?
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