FileEditView History BookmarksWindow HelpA education.wiley.comran HassanD(74) XAYAAD XIKMO O0.w NWP Assessment Playe.N Solved > 5 -1 Accounti.C Home | Chegg.comA D09: Data MinQuestion 6 of 10 < >-/3View PoliciesCurrent Attempt in ProgressThe Vogelson Company accumulates the following cost and net realizable value data at December 31.Inventory CategoriesCost DataNet Realizable ValueCamera$11,000$9.900Camcorders7,8008,500DVDS14,00012,000What is the lower-of-cost-or-net realizable value of the inventory?Lower-of-cost-or-net realizable value of the inventory24Save for LaterAttempts: 0 of 1 usedSubmit Answer7,288MAR¢tv S8000D00DIIDDF2F3F4F5F6F7FBF9F10@#$&%*2346789日

Inventories should be valued at cost or net realizable value whichever is lower. The cost or Net…

Answered: The Vogelson Company accumulates the…

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter5: Risk Analysis

Section: Chapter Questions

Problem 18PC

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The following information is given for Gator Company, who uses the FIFO method. Item Quantity Cost NetRealizableValue ReplacementCost NRVMinusNormalProfit 1 1 $17.70 $24.60 $18.00 $17.10 2 1 10.80 8.28 9.30 5.58 3 1 72.00 64.80 67.20 57.60 4 1 4.80 3.12 2.88 2.64 5 1 12.00 12.30 12.60 11.10 6 1 48.00 45.60 38.40 40.80 Required: a. Determine the lower of cost or net realizable value for each inventory item for Gator Company. Item 1 2 3 4 5 6 b. Determine the lower of cost or net realizable value for Gator Company's inventory if the lower of cost or net realizable value rule is applied to the total inventory.$_______
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(J) disclosed the following information for November: Sales: $ 408,000Contribution margin: $ 108,800Net operating incone : $ 20,900 The company's margin of safety as a peroentage of its sales is closest to: (Do not round intermediate calculations.)Multiple choice 12.85% 24.46% 29.02% 19.21%
When i do solver for Q3, I am not getting same answer as you. I am getting Divisional operating income -0.08. 18vDrill - $3802, 18 ircular $2737, 18v light - $4596 Why is that? What am I doing wrong?
can u make like this in excel, and correct this two highlighted digit should have the same result COST AD (annual) F&F = 119,000 12760 M&E = 112,120 13390
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Hello! Please help me fill in the blanks in the last empty chart and answer question number 3 at the very end in bold. Thank you! :) UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 7,000 shelves $70,000 $9,550 $135,000 14,000 shelves 140,000 17,600 135,000 28,000 shelves 280,000 33,700 135,000 35,000 shelves 350,000 41,750 135,000 Cost Fixed Portionof Cost Variable Portionof Cost (per Unit) Lumber 0 10 Utilities 1,500 1.15 Depreciation 135,000 0 Question Content Area Units Produced Total Cost January 4,360 units $65,600 February 275 6,250 March 1,000 15,000 April 6,775 136,250 May 1,750 32,500 June 3,015 48,000 1. From the data previously provided, help Biblio Files Company estimate the fixed and variable portions of its total costs using the high-low method. Recall that Total Costs = (Variable Cost Per Unit x Number of Units Produced) + Fixed Cost.…
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