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Inventory Write-Down The following information is taken from Aden Company's records: ...

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Accounting

Inventory Write-Down
The following information is taken from Aden Company's records:
Product Group Units Cost/Unit Market/Unit
A 1600 $1.00 $0.80
B 12501.501.55
C 21505.005.25
D 21006.506.40
E 38025.0024.60
Required:
What is the correct inventory value if the company applies the LCNRV rule to each of the following? If required, round your answers to the nearest cent.
Individual items
Product A $fill in the blank 1
Product B fill in the blank 2
Product C fill in the blank 3
Product D fill in the blank 4
Product E fill in the blank 5
Total inventory value $fill in the blank 6
Groups of items
Group 1 $fill in the blank 7
Group 2 fill in the blank 8
Group 3 fill in the blank 9
Total inventory value $fill in the blank 10
The inventory as a whole
Total inventory value $fill in the blank 11
Check My Work5 more Check My Work uses remaining.

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