cost of sales before any adjustments to the inventory was P 450,000.1.How much is the inventory write-down for the raw materials?a. 35,000b 15,000c. 25,000 problem-5 - Microsoft Excel (Product Activation Failed)FileHomeInsertPage LayoutFormulasDataReviewView...E- Insert -ΣCalibri- 11- A AGeneralE* Delete*.0 .0 Conditional Format asFormatting Table -PasteCellSort & Find &BIU-%EE Format -Styles -Filter Select -ClipboardFontAlignmentNumberStylesCellsEditingK13feABDEHKMN1Derek's accountant provided you with the following information regarding inventory on hand on December 31,2used in the manufacture of two product lines: motorbikes and bicycles34CostNRV5Raw Materials6Supply of Steel (used for motorbikes)40,000.0025,000.00Supply of aluminum (used for bicycles)60,000.0050,000.0089Work in Rocess10Incomplete motorbikes30,000.0025,000.0011Incomplete bicycles50,000.0060,000.001213Finished Goods14Motorbikes80,000.0060,000.0015Bicycles80,000.00110,000.0016174 1 Sheet1Ready100%W3:56 PMENull4/13/2021

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Description: cost of sales before any adjustments to the inventory was P 450,000.1.How much is the inventory write-down for the raw materials?a. 35,000b 15,000c. 25,000 problem-5 - Microsoft Excel (Product Activation Failed)FileHomeInsertPage LayoutFormulasDataRe

Inventory is always valued at Cost or NRV(Net Realisable value) whichever is lower. It is valued…

Answered: 1.How much is the inventory write-down…

Business

Accounting

1.How much is the inventory write-down for the raw materials?

Accounting Information Systems

11th Edition

ISBN:9781337552127

Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Chapter6: Relational Database And Sql

Section: Chapter Questions

Problem 2SP

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