A physical inventory of Nuvo Video taken on December 31 reveals the following: units...
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Accounting
A physical inventory of Nuvo Video taken on December 31 reveals the following:
units on hand cost per unit NRV per unit
Games
Xbox 300 $ 26 $ 24
Wii 150 23 24
Video
DVDs 200 7 6
Blu Ray 100 11 12
What is Nuvo Video's ending inventory, applying LCNRV to the entire inventory?
What is Nuvo Video's ending inventory, applying LCNRV by group?
What is Nuvo Video's ending inventory, applying LCNRV by item?
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