SOUTHWEST..ESSEN.OF TAX.2020 W/CENGNOWV
23rd Edition
ISBN: 9780357251881
Author: Raabe
Publisher: Cengage Learning
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I need answer of this question solution general accounting
Best Deals Inc. has six CD players in ending merchandise inventory on
December 31. The players were purchased in November for $165. The
price lists from suppliers indicate the current replacement cost of a CD
player to be $162. What would be the amount reported as Inventory on
the balance sheet?
a. 972$
b. 990$
c. 1800
d. 1890
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