Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 6 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 05 Aug 2017 My Price 5.00

Floyd Corporation

Floyd Corporation has the following four items in its ending inventory.

Item   Cost   Replacement
Cost		   Net Realizable
Value (NRV)		   NRV less Normal
Profit Margin
Jokers   $2,000   $2,050     $2,100     $1,600  
Penguins   5,000   5,100     4,950     4,100  
Riddlers   4,400   4,550     4,625     3,700  
Scarecrows   3,200   2,990     3,830     3,070  


Determine the final lower-of-cost-or-market inventory value for each item.

Jokers   $
Penguins  
Riddlers  
Scarecrows  

 

Answers

Maurice Tutor
(5)
Status NEW Posted 05 Aug 2017 09:08 PM My Price 5.00

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