Sunland Corporation has the following four items in its ending inventory.
Item |
Cost |
Net Realizable |
||
---|---|---|---|---|
Jokers |
$2,520 | $2,646 | ||
Penguins |
6,300 | 6,237 | ||
Riddlers |
5,544 | 5,828 | ||
Scarecrows |
4,032 | 4,826 |
Determine the following the LCNRV for each item.
Item |
LCNRV |
|
---|---|---|
Jokers |
$enter a dollar amount | |
Penguins |
enter a dollar amount | |
Riddlers |
enter a dollar amount | |
Scarecrows |
enter a dollar amount |
eTextbook and Media
(1) Determine the amount of write-down, if any, using an item-by-item LCNRV evaluation. (If no write-down, enter 0 for the amounts.)
Item |
Write-down |
|
---|---|---|
Jokers |
$enter a dollar amount | |
Penguins |
enter a dollar amount | |
Riddlers |
enter a dollar amount | |
Scarecrows |
enter a dollar amount |
(2) Determine a total category LCNRV evaluation.
(If no write-down, enter 0 for the
amount.)
Total category LCNRV | $enter a dollar amount of total category LCNRV |
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