TAMMY CORP HAS THE FOLLOWING INVENTORY DATA FOR FEBRUARY 2018: BEGINNING UNITS 2,200 ENDING UNITS 2,360 COST IN EXCESS OF NRV PER/UNIT AT JANUARY 31ST 1.40 NRV PER UNIT AT FEBRUARY 28TH 20.00 INCREASE IN FEBRUARY COGS ASSOCIATED WITH LCNRV 1,050 REQUIRED: WHAT IS INVENTORY COST PER UNIT AT FEBRUARY 28TH? (DON'T ROUND) Please don't provide solution in image format thanku
TAMMY CORP HAS THE FOLLOWING INVENTORY DATA FOR FEBRUARY 2018: BEGINNING UNITS 2,200 ENDING UNITS 2,360 COST IN EXCESS OF NRV PER/UNIT AT JANUARY 31ST 1.40 NRV PER UNIT AT FEBRUARY 28TH 20.00 INCREASE IN FEBRUARY COGS ASSOCIATED WITH LCNRV 1,050 REQUIRED: WHAT IS INVENTORY COST PER UNIT AT FEBRUARY 28TH? (DON'T ROUND) Please don't provide solution in image format thanku
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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TAMMY CORP HAS THE FOLLOWING INVENTORY DATA FOR FEBRUARY 2018:
BEGINNING UNITS 2,200
ENDING UNITS 2,360
COST IN EXCESS OF NRV PER/UNIT AT JANUARY 31ST 1.40
NRV PER UNIT AT FEBRUARY 28TH 20.00
INCREASE IN FEBRUARY COGS ASSOCIATED WITH LCNRV 1,050
REQUIRED: WHAT IS INVENTORY COST PER UNIT AT FEBRUARY 28TH? (DON'T ROUND)
Please don't provide solution in image format thanku
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