Valix Finacc vol 1 Problem 7-31

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 1 Problem 7-31

Product                                                                                    Unit cost           NRV             Lower of cost or NRV

      1                                                                     700             650                              650

      2                                                                      475             745                              475

      3                                                                      255             250                              250

      4                                                                      450             740                              450