The following items are related to the inventory (OMR). 1- Purchase price 18000 2- Abnormal waste 150 3- Fright in 100 4- Rent of store 150 5- Overhead 400 (40% related to manufacturing and 60% related to administration) 6- foreign currency profit 50 Net realizable value of Inventory is 18000 OMR What is the value of write-down of inventory?
The following items are related to the inventory (OMR). 1- Purchase price 18000 2- Abnormal waste 150 3- Fright in 100 4- Rent of store 150 5- Overhead 400 (40% related to manufacturing and 60% related to administration) 6- foreign currency profit 50 Net realizable value of Inventory is 18000 OMR What is the value of write-down of inventory?
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 5MC
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![The following items are related to the
inventory (OMR).
1- Purchase price 18000
2- Abnormal waste 150
3- Fright in 100
4- Rent of store 150
5- Overhead 400 (40% related to
manufacturing and 60% related to
administration)
6- foreign currency profit 50
Net realizable value of Inventory is 18000
OMR
What is the value of write-down of
inventory?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2d8dd1b3-f8b1-4008-9e47-79ffb0d5745c%2F9db9ef12-0af6-41c9-96da-401ae226d9c0%2Fj8idgvk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following items are related to the
inventory (OMR).
1- Purchase price 18000
2- Abnormal waste 150
3- Fright in 100
4- Rent of store 150
5- Overhead 400 (40% related to
manufacturing and 60% related to
administration)
6- foreign currency profit 50
Net realizable value of Inventory is 18000
OMR
What is the value of write-down of
inventory?
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