Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. robust inc. has the following information related

Robust Inc. has the following information related to an item in its ending inventory. Product...

70.2K

Verified Solution

Question

Accounting

Robust Inc. has the following information related to an item in its ending inventory. Product 66 has a cost of $6,500, a replacement cost of $6,100, a net realizable value of $6,200, and a normal profit margin of $400. What is the final lower-of-cost-or-market inventory value for product 66?
6200
E11-1(L01) EXCEL (Depreciation Computations-SL, SYD, DDB) Dere life of 12 years and purtines equipment on Janl: ary 1, Year 1, at a cost of $469,000. The asset is expected to have a service life
Instructions
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

mework Determine an Euler circuit that begins and ends wi Choose a possible Euler circuit...

Finance
1.2K views

Question Workspace Check My Work Your uncle the banker offers to lend you $25,000 to start...

Physics
1.2K views

For the given circuit current through the inductor is 0 9 ampere while the current...

Physics
1.2K views

A 59.5-kg runner has a speed of 3.40 m/s at one instant during a long-distance...

Calculus
1.2K views

A line passes through the point 6 1 and has a slope of 1 Write...

Calculus
1.2K views

Evaluate the limit using L H pital s rule 7x lim X18 e5x

Accounting
1.2K views

Which of the following strategies is important to managing security over mobile systems? ...

Accounting
1.2K views

Mharash tool ansets on Derember 242025 we $50000. $3418000 $1038000 595000

Accounting
1.2K views

Glen and Kelly have two children, Ben, age 14, and Cody, age 20.The medical...

Accounting
1.2K views

The Mobile Phone Division of Apple Co. has average operating assets of 1,500,000 SR and...

Accounting
1.2K views

Explain what affirmative action is and how companies today are seeing the value of voluntarily...

Accounting
1.2K views

An employee, Stephanie, uses a car owned by your company. In 2021, Stephanie drives 35,000...