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10/10/19, 10'20 PMBrief Exercise 9-2
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Print by: Crismaldy Ventura ACC304011VA016-1198-001: Intermediate Accounting II / HOMEWORK - CHAPTER 09 - ACC304
*Brief Exercise 9-2 Coronado Corporation has the following four items in its ending inventory.
Item Cost Net Realizable Value (NRV)
Jokers $2,840 $2,982
Penguins 7,100 7,029
Riddlers 6,248 6,568
Scarecrows 4,544 5,439
Determine the following the LCNRV for each item.
Item LCNRV
Jokers $
Penguins
Riddlers
Scarecrows
(1) Determine the amount of write-down, if any, using an item-by-item LCNRV evaluation. (If no write-down, enter 0 for the amounts.)
Item Write-down
Jokers $
Penguins
Riddlers
Scarecrows
(2) Determine a total category LCNRV evaluation. (If no write-down, enter 0 for the amount.)
Total category LCNRV $
10/10/19, 10'20 PMBrief Exercise 9-2
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