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Homework answers / question archive / JaCo has the following inventory at year end:                                                 Plastic                                Cases on hand       Cost per unit       NRV per case Cars and trucks               12                               $80                      $75 Action figures                  18                                 22                        28                  Rubber Pool toys                         20                                 $56                      $62 Sports novelties             80                                  32                         29  Zoo animals                    110                                 17                       15 Cardboard Board games                  30                                   $34                      $24 Jigsaw puzzles                50                                    21                         23   What is JaCo's ending inventory applying LCNRV to total inventory? a

JaCo has the following inventory at year end:                                                 Plastic                                Cases on hand       Cost per unit       NRV per case Cars and trucks               12                               $80                      $75 Action figures                  18                                 22                        28                  Rubber Pool toys                         20                                 $56                      $62 Sports novelties             80                                  32                         29  Zoo animals                    110                                 17                       15 Cardboard Board games                  30                                   $34                      $24 Jigsaw puzzles                50                                    21                         23   What is JaCo's ending inventory applying LCNRV to total inventory? a

Accounting

JaCo has the following inventory at year end:

                                               

Plastic                                Cases on hand       Cost per unit       NRV per case

Cars and trucks               12                               $80                      $75

Action figures                  18                                 22                        28                 

Rubber

Pool toys                         20                                 $56                      $62

Sports novelties             80                                  32                         29 

Zoo animals                    110                                 17                       15

Cardboard

Board games                  30                                   $34                      $24

Jigsaw puzzles                50                                    21                         23

 

What is JaCo's ending inventory applying LCNRV to total inventory?

a.$8,156 b. $8,484 c.$8,358 d.$8,436

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