Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Marigold Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.Item No.13201333142614371510152215731626Quantity1,6001,3001,2001,4001,1009003,4001,400Costper Unit$3.332.814.683.742.343.121.874.89EstimatedSellingPrice$4.683.54~Taushant and bdadin.5.203.333.384.062.606.24The amount of Marigold Company's inventory $Cost toCompleteand Sell$1.661.041.461.401.460.831.25From the information above, determine the amount of Marigold Company inventory.1.56

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Description: Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Marigold Company follows the practice of pricing its inventory at LCNRV, on an individua

LCNRV stands for Lower of Cost or Net Realizable Value. It is a method of inventory valuation. It is…

Business

Accounting

Marigold Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Cost to Complete and Sell $1.66 Item No. Quantity 1320 1333 1426 1437 1510 1522 1573 1626 1,600 1,300 1,200 1,400 1,100 900 3,400 1,400 Cost per Unit $3.33 2.81 4.68 3.74 2.34 3.12 1.87 4.89 Estimated Selling Price: $4.68 3.54 5.20 3.33 3.38 4.06 2.60 6.24 1.04 The amount of Marigold Company's inventory 1.46 1.40 1.46 0.83 1.25 1.56 From the information above, determine the amount of Marigold Company inventory.

Marigold Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Cost to Complete and Sell $1.66 Item No. Quantity 1320 1333 1426 1437 1510 1522 1573 1626 1,600 1,300 1,200 1,400 1,100 900 3,400 1,400 Cost per Unit $3.33 2.81 4.68 3.74 2.34 3.12 1.87 4.89 Estimated Selling Price: $4.68 3.54 5.20 3.33 3.38 4.06 2.60 6.24 1.04 The amount of Marigold Company's inventory 1.46 1.40 1.46 0.83 1.25 1.56 From the information above, determine the amount of Marigold Company inventory.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 5E: Inventory Write-Down The following information is taken from Aden Companys records: Required: 1....

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Use the first-in, first-out method (FIFO) cost allocation method, with perpetual inventory updating, to calculate (a) sales revenue, (b) cost of goods sold, and c) gross margin for B75 Company, considering the following transactions.
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