Only 9b question photo. thanks! 2. Prepare the appropriate entry, if any, for 1(a) and 1(b).View transaction listJournal entry worksheet2Record the entry to write inventory down to LCNRV (major group).Note: Enter debits before credits.DateGeneral JournalDebitCreditDec 31 The following Information pertains to the physical inventory of Electronics Unlimited taken at December 31:Per UnitUnits onProductHandCostNRVAudio equipment:wireless audio receivers332$199$188Touchscreen MP3 playersAudio mixers247203223313193177Audio stands19185103Video equipment:Televisions4672532985GB video cards278171183Satellite video recorders199613618Car equipment:GPS navigatorsDouble-DIN Car Deck with iPod/iPhone Control172171145157213198and Aux InputRequired:1. Calculate the LCNRV for the:a. Inventory by major groupb. Inventory, applied separately to each product.Per UnitLCNRV applied to:b.Units onInventoryItemsSeparatelyto EachProducta.CostNRVTotal costTotal NRVHandMajor GroupAudio equipment:Wireless audio receivers332199188Touchscreen MP3 players247203223Audio mixers313193177

Items Per unit Total LCNRV applied to Unit on Hand (a) Cost (b) NRV ( C) Total Cost (d=a x…

Answered: View transaction list Journal entry…

Business

Accounting

View transaction list Journal entry worksheet 1 2 Record the entry to write inventory down to LC

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 4.8C

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Question

Only 9b question photo. thanks!

2. Prepare the appropriate entry, if any, for 1(a) and 1(b).
View transaction list
Journal entry worksheet
2
Record the entry to write inventory down to LCNRV (major group).
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
Dec 31

The following Information pertains to the physical inventory of Electronics Unlimited taken at December 31:
Per Unit
Units on
Product
Hand
Cost
NRV
Audio equipment:
wireless audio receivers
332
$199
$188
Touchscreen MP3 players
Audio mixers
247
203
223
313
193
177
Audio stands
191
85
103
Video equipment:
Televisions
467
253
298
5GB video cards
278
171
183
Satellite video recorders
199
613
618
Car equipment:
GPS navigators
Double-DIN Car Deck with iPod/iPhone Control
172
171
145
157
213
198
and Aux Input
Required:
1. Calculate the LCNRV for the:
a. Inventory by major group
b. Inventory, applied separately to each product.
Per Unit
LCNRV applied to:
b.
Units on
Inventory
Items
Separately
to Each
Product
a.
Cost
NRV
Total cost
Total NRV
Hand
Major Group
Audio equipment:
Wireless audio receivers
332
199
188
Touchscreen MP3 players
247
203
223
Audio mixers
313
193
177

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