Brief Exercise 9-2 Nash Corporation has the following four items in its ending inventory. Net...
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Brief Exercise 9-2 Nash Corporation has the following four items in its ending inventory. Net Realizable Item Jokers Penguins Riddlers Cost Value (NRV) $2,160 5,400 4,752 Scarecrows 3,456 $2,268 5,346 4,995 4,136 Determine the following the LCNRV for each item. Item Jokers Penguins Riddlers LCNRV Scarecrows LINK TO TEXT (1) Determine the amount of write-down, if any, using an item-by-item LCNRV evaluation. (If no write-down, enter 0 for the amounts.) Item Jokers Penguins Riddlers Write-down Scarecrows (2) Determine a total category LCNRV evaluation. (If no write-down, enter O for the amount.) Total category LCNRV LINK TO TEXT
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