Acc422 Intermediate Accounting:  BE9-2 Robin Corporation has the following four items

Acc422 Intermediate Accounting: BE9-2 Robin Corporation has the following four items

Acc422 Intermediate Accounting

BE9-2
Robin 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 1,900 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.
Acc422 Intermediate Accounting: BE9-2 Robin Corporation has the following four items
.XLSX file (9.0KB)
$10
Total price:
$10