Business, 05.08.2020 19:01 slayybay

The inventory of Marigold Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizable Value
110 650 $102.00 $107.00
111 1,050 64.20 56.00
112 490 85.60 81.00
113 210 181.90 192.60
120 420 219.00 223.00
121 1,800 17.00 1.00
122 290 256.80 251.00
1. Determine the inventory as of December 31, 2020, by the LCNRV method, applying this method to each item.
2. Determine the inventory by the LCNRV method, applying the method to the total of the inventory $ Inventory as of December 31, 2020.

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The inventory of Marigold Company on December 31, 2020, consists of the following items. Part Quant...