Inventory Write-Down The following information is taken from Aden Company's records: Product Group Units Cost/Unit Market/Unit A 1 600 $1.10 $0.90 B 1. 250 1.50 1.55 200 4.90 5.15 D. 100 6.50 6.40 3...

Inventory Write-Down<br>The following information is taken from Aden Company's records:<br>Product Group Units Cost/Unit Market/Unit<br>A<br>1<br>600<br>$1.10<br>$0.90<br>B<br>1.<br>250<br>1.50<br>1.55<br>200<br>4.90<br>5.15<br>D.<br>100<br>6.50<br>6.40<br>3<br>80<br>25.00<br>24.60<br>Required:<br>What is the correct inventory value if the company applies the LCNRV rule to each of the following?<br>a. Individual items<br>Product A<br>540<br>Product B<br>450 x<br>Product C<br>980<br>Product D<br>640<br>Product E<br>1,968 V<br>Total inventory value<br>4,578 x<br>b. Groups of items<br>Group 1<br>1,005 x<br>Group 2<br>1,630<br>Group 3<br>1,968<br>Total inventory value<br>4,603 x<br>c. The inventory as a whole<br>Total inventory value<br>4,643 x<br>%24<br>%24<br>%24<br>%24<br>

Extracted text: Inventory Write-Down The following information is taken from Aden Company's records: Product Group Units Cost/Unit Market/Unit A 1 600 $1.10 $0.90 B 1. 250 1.50 1.55 200 4.90 5.15 D. 100 6.50 6.40 3 80 25.00 24.60 Required: What is the correct inventory value if the company applies the LCNRV rule to each of the following? a. Individual items Product A 540 Product B 450 x Product C 980 Product D 640 Product E 1,968 V Total inventory value 4,578 x b. Groups of items Group 1 1,005 x Group 2 1,630 Group 3 1,968 Total inventory value 4,603 x c. The inventory as a whole Total inventory value 4,643 x %24 %24 %24 %24

Jun 03, 2022

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Inventory Write-Down The following information is taken from Aden Company's records: Product Group Units Cost/Unit Market/Unit A 1 600 $1.10 $0.90 B 1. 250 1.50 1.55 200 4.90 5.15 D. 100 6.50 6.40 3...

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