Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. one direction uses lcnrv to value inventory. how m

One Direction uses LCNRV to value inventory. How much will an item in their inventory...

80.2K

Verified Solution

Question

Accounting

One Direction uses LCNRV to value inventory. How much will an item in their inventory be valued at on the books for reporting purposes?

Estimated Selling Price 180
Est. Normal Profit % 10%
Selling Costs 10
Original Cost 150

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

b Write the decimal in expanded form 2 88 2 8 10 8 1000 8...

Basic Math
Q

Comprehensive Master (Operating) Budget Bee Gee Distributors, a wholesale company, is considering whether to open a new distribution...

Accounting
Q

What does Dr Carroll mean when he says while mutation is random natural selection is...

Biology
Q

How does two-point interference demonstrate that light behaves as a wave?

Physics
Q

Find the domain of the composite function f g 0000 f x g f x...

Calculus
Q

Indicate whether the statement is true or false, and justify your answer. Medicaid...

Accounting
Q

PLEASE FINISH THE COGS BUDGET WITH ALL 4 BUDGETS ARE COMPLETED. Sales...

Accounting
Q

answear all The unadjusted pre-closing 12/31/20 account balances for the Maloney Company...

Accounting
Q

fill in the charts CALCULATOR SOURCES MESSAGE MY INSTRUCT Exercise 7-11 The following...

Accounting
Q

which of the following will increase basis for depreciation? A. assessments for local improvements such...

Accounting
Q

A machine with a contract price of 300,000 and cash terms of 2/10, n/30 was...

Accounting
Q

Fanelli Corporation, a merchandising company, reported the following results for July: ...

Accounting