Question
Test 3 Folder ACCT 21 x M Ch 9 Homeworkx C ezto mheducation com, hrrtpx correct. ACCOUNTING Ch. 9 Homework Question 2 (ot 2. 0.00 polnts The inventory of Royal Decking consisted of five products Information about the December 31, 2016, inventory is as follows Per Unit ProductCost Seling Price $150 200 150 110 70 $170 210 200 190 90 osts to sell consist only of a sales com mission equal to 10% of seling price and shppng costs equal to 10% of cost What unit value shouid Royal Dacking use for eech of its prodlucts when applyina the lower of cast and ner realizable value rule to units of inventory? TOSHIBA esc 4
Explanation / Answer
per unit inventory Product Cost NRV value A 150 138 138 B 200 169 169 C 150 165 150 D 110 160 110 E 70 74 70