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What amount will be reported for inventory on Boson's statement

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What amount will be reported for inventory on Boson’s statement 1. For the current month, the beginning inventory of Elipresse Inc. consisted of 3 units that cost CHF6,500 each. During the month, the company made two purchases: 4 units at CHF6,800 each and 1 units at CHF6,750. Elipresse sold 5 units during the month. If Elipresse uses specific identification and wishes to maximize net income, the units costs allocated to cost of goods sold will be: a. 5 units@CHF6,500. b. 4 units@CHF6,800and 1 unit @CHF6,750 c. 3 units@CHF6,500and 1 unit @CHF6,800 d. 3 units@CHF6,500,1 unit @CHF6,750and 1 unit @CHF6,800 2. At year-end, Dana Corporation has 2,000 units of Lolland, 2,000 units of Falster, and 3,000 units of Jultand in its ending inventory. Specific data with respect to each product follows: Lolland Falster Jutland Historical cost €55 €70 €98 Net realizable value 48 77 94 What amount will Dana report for ending inventory using lower-of-cost-or-net realizable value? a. €518,000. b. €528,000. c. €544,000. d. €558,000. 3. Carlsberg Corporation has 1,000 units of product#1and 2,000 units of product#2 in its inventory at December 31, 2011. Specific data with respect to each product follows: Product#1 Product#2 Historical cost CHF40 CHF70 Net realizable value 45 54 What amount will be reported on the company statement of financial position at December 31, 2011 for ending inventory using lower-of-cost-or-net realizable value? a. CHF110,000. b. CHF144,000. c. CHF148,000. d. CHF153,000. 4. At December 31, 2011, Bosan Corporation has 3,500 units of model 63 and 2,500 units of model 64 in its ending inventory. Specific data with respect to each product follows: Model 63 Model 64 Historical cost W7800 W8700 Net realizable value 7700 8800 What amount will be reported for inventory on Boson’s statement of financial position after the company applies LCNRV? a. W54,250,000. b. W49,300,000. c. W48,950,000. d. W48,700,000. 5. Net realizable value is a. original cost plus costs to complete and sell. b. selling price. c. original cost less costs to complete and sell. d. selling cost less costs to complete and sell. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

What amount will be reported for inventory on Boson’s statement

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