Business, 29.10.2019 23:31 yasminothman02

Brooks company carries three inventory items. the following information pertains to the ending inventory: item - quantity - unit cost - unit market value a - 220 - $ 9 - $ 8 f - 255 - 16 -15 k - 179 - 5 - 8 required a. determine the ending inventory that brooks will report on the balance sheet, assuming that it applies the lower-of-cost-or-market rule to individual inventory items. b. prepare the necessary journal entry, assuming the decline in value was immaterial.

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Brooks company carries three inventory items. the following information pertains to the ending inven...

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