Holden Lighting has the following groups of inventory and net realizable value for its light...
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Holden Lighting has the following groups of inventory and net realizable value for its light fixtures: Cost NRY Ceiling Lights Chandeliers $23,500 $18,100 17,500 15 100 Table Lamps 19,300 21.800 Floor Lamps 16,000 19,400 97200 Desk Lamps Total Inventory 6200 $85.000 $80 600 Instructions las Determine the lower of cost and net realizable value of the ending inventory for Codify Lighting Prepare the journal entry required, if any, to record the adjustments from cost to net realizable value. Mouars to complete the questions above on appropriate separate document(s). Acceptable formats includes word document excel dansents documents written by hand (scanned and uploaded as a pdf or jpeg file), or any template you have access to that fulfils the question requirements. You will then upload this or drag and drop the file(s) into the upload box at the bottom of this question box AMBI - E-8
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