In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases using LCNRV. Cases 00100 00200 00300 00400 00500 Cost $15.90 $16.10 $15.90 $15.90 $15.90 Sales value 14.80 19.20 15.20 10.40 17.80 Estimated cost to complete 1.50 1.90 1.65 .80 1.00 Estimated cost to sell .50 .70 .55 .40 .60

In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases using LCNRV. Cases 00100 00200...

In some instances, accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit inventory price in the following cases using LCNRV.

	Cases
	00100	00200	00300	00400	00500
Cost	$15.90	$16.10	$15.90	$15.90	$15.90
Sales value	14.80	19.20	15.20	10.40	17.80
Estimated cost to complete	1.50	1.90	1.65	.80	1.00
Estimated cost to sell	.50	.70	.55	.40	.60

Jun 02, 2022

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