You have been provided with the following information regarding Sarasota Paper Ltd's inventory for June, July, and August. Paper Inventory (in tonnes) Cost/Tonne NRV/Tonne June 30 16,090 $830 $891 July 31 16,760 891 857 August 31 15,640 857 830 (a)
You have been provided with the following information regarding Sarasota Paper Ltd's inventory for June, July, and August. Paper Inventory (in tonnes) Cost/Tonne NRV/Tonne June 30 16,090 $830 $891 July 31 16,760 891 857 August 31 15,640 857 830 (a)
Chapter1: Financial Statements And Business Decisions
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
Transcribed Image Text:You have been provided with the following information regarding Sarasota Paper Ltd's inventory for June, July, and August.
Paper Inventory (in tonnes)
Cost/Tonne
NRV/Tonne
June 30
16,090
$830
$891
July 31
16,760
891
857
August 31
15,640
857
830
(a)
X Your answer is incorrect.
Calculate the cost and net realizable value of Sarasota Paper's paper inventory at (1) June 30, (2) July 31, and (3) August 31.
Cost
NRV

Transcribed Image Text:X Your answer is incorrect.
Calculate the cost and net realizable value of Sarasota Paper's paper inventory at (1) June 30, (2) July 31, and (3) August 31.
Cost
NRV
June 30
24
830
891
July 31
891
857
August 31
857
830
eTextbook and Media
List of Accounts
%4
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