Novelli's Nursery has developed the following data in order to calculate the lower of cost...
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Novelli's Nursery has developed the following data in order to calculate the lower of cost or net realizable value for its products. The individual products are listed within the categories of trees. SellingPrice Cost Broad leaf trees: Ash $ 1,840 $ 1,740 Beech 2,260 1,640 Needle leaf trees: Cedar $ 2,580 $ 1,790 Fir 3,700 3,390 Fruit trees: Apple $ 1,840 $ 1,440 Cherry 2,360 1,840
Novelli's Nursery has developed the following data in order to calculate the lower of cost or net realizable value for its products. The individual products are listed within the categories of trees.
SellingPrice Cost
Broad leaf trees:
Ash $ 1,840 $ 1,740
Beech 2,260 1,640
Needle leaf trees:
Cedar $ 2,580 $ 1,790
Fir 3,700 3,390
Fruit trees:
Apple $ 1,840 $ 1,440
Cherry 2,360 1,840
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