**Coffee Bean Inventory at Starbucks - December 31, 2025**Starbucks sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product as of December 31, 2025:| Coffee Bean | Units | Unit Cost | Net Realizable Value Per Unit ||-------------------|------------|-----------|-------------------------------|| **Caffeinated** | | | || Coffea arabica | 12,600 bags| $5.40 | $5.35 || Coffea robusta | 5,300 bags | $3.70 | $3.80 || **Decaffeinated** | | | || Coffea arabica | 10,600 bags| $6.00 | $6.20 || Coffea robusta | 4,300 bags | $5.10 | $4.80 |**Calculation Task:**Calculate Starbucks’ inventory by applying the lower-of-cost-or-net realizable value basis.**Starbucks’ Inventory:**[Calculate and fill in the inventory value]

Lower-of-cost-or-net realizable value is an accounting principle that requires a company to value…

Starbucks sells coffee beans, which are sensitive to price fluctuations. Suppose the following inventory information is available for this product at December 31, 2025. Coffee Bean Caffeinated Coffea arabica Coffea robusta Decaffeinated Coffea arabica Coffea robusta Units 12,600 bags 5,300 bags 10,600 bags 4,300 bags Unit Cost Starbucks' inventory $ $5.40 3.70 6.00 5.10 Net Realizable Value Per Unit $5.35 3.80 6.20 4.80 Calculate Starbucks' inventory by applying the lower-of-cost-or-net realizable value basis.

Starbucks sells coffee beans, which are sensitive to price fluctuations. Suppose the following inventory information is available for this product at December 31, 2025. Coffee Bean Caffeinated Coffea arabica Coffea robusta Decaffeinated Coffea arabica Coffea robusta Units 12,600 bags 5,300 bags 10,600 bags 4,300 bags Unit Cost Starbucks' inventory $ $5.40 3.70 6.00 5.10 Net Realizable Value Per Unit $5.35 3.80 6.20 4.80 Calculate Starbucks' inventory by applying the lower-of-cost-or-net realizable value basis.

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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Starbucks sells coffee beans, which are sensitive to price fluctuations. Suppose the following inventory information is available for this product at December 31, 2025. Coffee Bean Caffeinated Coffea arabica Coffea robusta Decaffeinated Coffea arabica Coffea robusta Units 13,400 bags 5,000 bags 11,400 bags 4,000 bags Starbucks' inventory Unit Cost $ $5.50 3.30 6.10 4.70 Net Realizable Value Per Unit $5.45 3.40 6.30 Calculate Starbucks inventory by applying the lower-of-cost-or-net realizable value basis. 4.40
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