The December 31, 2025 inventory of Sunland Company consisted of four products, for which certain information is provided below. Product Original Cost Estimated Disposal Normal Profit on Replacement Cost Expected Selling Price Cost Sales A $32.00 $30.00 $15.00 $48.00 28% B $50.00 $48.00 $18.00 $56.00 33% C $128.00 $123.00 $33.00 $198.00 38% D $27.00 $23.80 $12.00 $34.00 18% Determine the lower of cost or net realizable value amount for each product. Product A A LCNRV 32 B $ 37.52 C A +A 122.76 $ 27
The December 31, 2025 inventory of Sunland Company consisted of four products, for which certain information is provided below. Product Original Cost Estimated Disposal Normal Profit on Replacement Cost Expected Selling Price Cost Sales A $32.00 $30.00 $15.00 $48.00 28% B $50.00 $48.00 $18.00 $56.00 33% C $128.00 $123.00 $33.00 $198.00 38% D $27.00 $23.80 $12.00 $34.00 18% Determine the lower of cost or net realizable value amount for each product. Product A A LCNRV 32 B $ 37.52 C A +A 122.76 $ 27
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![The December 31, 2025 inventory of Sunland Company consisted of four products, for which certain information is provided below.
Product
Original
Cost
Estimated Disposal
Normal Profit on
Replacement Cost
Expected Selling Price
Cost
Sales
A
$32.00
$30.00
$15.00
$48.00
28%
B
$50.00
$48.00
$18.00
$56.00
33%
C
$128.00
$123.00
$33.00
$198.00
38%
D
$27.00
$23.80
$12.00
$34.00
18%
Determine the lower of cost or net realizable value amount for each product.
Product
A
A
LCNRV
32
B
$
37.52
C
A
+A
122.76
$
27](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fadca2e8c-9639-4935-958e-5ee97c6054ee%2F1c19c524-a5cc-4abf-87e5-8683f4014842%2Ftdyal6a_processed.png&w=3840&q=75)
Transcribed Image Text:The December 31, 2025 inventory of Sunland Company consisted of four products, for which certain information is provided below.
Product
Original
Cost
Estimated Disposal
Normal Profit on
Replacement Cost
Expected Selling Price
Cost
Sales
A
$32.00
$30.00
$15.00
$48.00
28%
B
$50.00
$48.00
$18.00
$56.00
33%
C
$128.00
$123.00
$33.00
$198.00
38%
D
$27.00
$23.80
$12.00
$34.00
18%
Determine the lower of cost or net realizable value amount for each product.
Product
A
A
LCNRV
32
B
$
37.52
C
A
+A
122.76
$
27
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