Business, 15.04.2020 03:40 sswd

Sparks Furniture Company carries three lines of sofas. Information about the sofa inventory as of the end of its most recent fiscal year follows. If LCM is applied to each separate product line, what is the amount of the adjustment that must be made to the company's inventory?

Product Line Cost per Unit Market Value per Unit Quantity
Rustic $785 $895 360
Mediterranean 685 775 470
Contemporary 1,115 680 360

A. $81,900
B. $156,600
C. $35,100
D. $74,700

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 13:30, brittanysanders

1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.

Answers: 2

continue

Business, 22.06.2019 16:00, ella3714

Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:

Answers: 1

continue

Business, 22.06.2019 17:00, whitakers87

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:

Answers: 2

continue

Business, 22.06.2019 20:00, pickelswolf3036

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?

Answers: 1

continue

You know the right answer?

Sparks Furniture Company carries three lines of sofas. Information about the sofa inventory as of th...