Business, 28.10.2020 17:00 devbar3416

On April 1, Robert LLC purchased two units of inventory, A and B. The cost of unit A was $650, and the cost of unit B was $625. On April 30, Robert LLC had not sold the inventory. The net realizable value (NRV) of unit A was now $685 while the net realizable value of unit B was $550. The adjustment associated with the lower-of-cost-or-NRV method on April 30 will be: Multiple Choice

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On April 1, Robert LLC purchased two units of inventory, A and B. The cost of unit A was $650, and t...