Check my work Per Unit Coat Realizable Value Quantity Inventory by Product Category Tools: Hammers...
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Check my work Per Unit Coat Realizable Value Quantity Inventory by Product Category Tools: Hammers Saws Screwdrivers Paint products 1-gallon cans Paint brushes 110 170 270 $4.70 9.70 1.70 $5.20 8.70 2.30 470 110 5.70 3.70 4.70 4.20 Required: 1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory 2. Assuming inventory write-downs are common for Almaden, record any necessary year-end adjustment amount for each of the LCNRV applications in requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming inventory write-downs are common for Almaden, record any necessary year-end adjustment amount for each of the LCNRV applications in requirement 1. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet
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