A Company Reported the Following Data Related to Its Ending

question 34

Essay

A company reported the following data related to its ending inventory:
Product Units Available Cost NRV
849 100 $10 $11
842 75 16 14
847 60 14 13
860 40 16 20
Calculate the lower of cost and net realizable value on the inventory applied separately to each product.

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Definitions:

Collenchyma

Living cells with moderately but unevenly thickened primary cell walls; collenchyma cells help support the herbaceous plant body.

Xylem

Xylem is the type of plant tissue responsible for the transport of water and nutrients from the roots to the leaves and stems, playing a critical role in plant vascular systems.

Periderm

The outer bark of woody stems and roots; composed of cork cells, cork cambium, and cork parenchyma, along with traces of primary tissues.

Mature Vessel Elements

Components of the xylem in plants that form part of a continuous tube through which water can move.