Windsor Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2025, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below. Estimated selling price Cost Cost to complete Selling costs Item D Item E Item F Item G Item H Item I $ VA VA D $131 82 33 VA 11 E $120 87 33 98 87 77 Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2025, for each of the inventory items above. 60 87 20 65 F $104 87 27 11 Item G $98 87 38 22 H $120 55 33 11 $98 39 33 22
Windsor Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2025, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below. Estimated selling price Cost Cost to complete Selling costs Item D Item E Item F Item G Item H Item I $ VA VA D $131 82 33 VA 11 E $120 87 33 98 87 77 Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2025, for each of the inventory items above. 60 87 20 65 F $104 87 27 11 Item G $98 87 38 22 H $120 55 33 11 $98 39 33 22
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Nm. 152.
Transcribed Image Text:Windsor Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31,
2025, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below.
Estimated selling price
Cost
Cost to complete
Selling costs
Item D
Item E
Item F
Item G
Item H
Item I
BA
$
to
EA
BA
$
D
tA
$131
82
33
11
E
$120
87
Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2025, for each of the
inventory items above.
98
87
77
60
87
33
20
65
F
$104
87
27
11
Item
G
$98
87
38
22
H
$120
55
33
11
I
$98
39
33
22
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