Consider the Following Data: Which of the Following Depicts

question 96

Multiple Choice

Consider the following data: Which of the following depicts the proper account balance after the application of the LCNRV rule?

• A) Ending Inventory balance will be $119,000.
• B) Ending Inventory balance will be $115,000.
• C) Cost of Goods Sold will be $161,000.
• D) Cost of Goods Sold will be $169,000.