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Product Lin Air Flow Blister Buster Coolonite Dudesly on Hand 20 75 35 10 Acquired...

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Accounting

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Product Lin Air Flow Blister Buster Coolonite Dudesly on Hand 20 75 35 10 Acquired (FIFO) $12 40 at Year-End $14 38 50 35 30 Required 1. Compute the LCM/NRV write-down per unit and in total for each item in the table. Also compute the total overall write-down for all 2. How will the write-down of inventory to lower of cost or marketet realizable value affect the company's expenses reported for the 3. Compute the amount that should be reported for the inventory on December 31, after the LCM/NRV rule has been applied to each items year ended December 31? item. Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Compute the LCM/NRV write-down per unit and in total for each item in the table. Also compute the total overall write-down for all items. Quantity Wri on Hand per item n Total Write- Product Line Air Flow Blister Buster down 20 75 35 10 Dudesly Total Required 2> K Prev 2 of 4llE Next

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