The inventory of royal decking consisted of five products. information about the december 31, 2018, inventory is as follows: per unit product cost selling price a $ 80 $ 100 b 120 140 c 80 120 d 80 110 e 40 50 costs to sell consist of a sales commission equal to 10% of selling price and shipping costs equal to 5% of cost. required: what unit value should royal decking use for each of its products when applying the lower of cost or net realizable value (lcnrv) rule to units of ending inventory?

Exercise 8-6 goods in transit [lo8-2] the kwok company's inventory balance on december 31, 2016, was $190,000 (based on a 12/31/16 physical count) before considering the following transactions: 1. goods shipped to kwok f.o.b. destination on december 20, 2016, were received on january 4, 2017. the invoice cost was $35,000. 2. goods shipped to kwok f.o.b. shipping point on december 28, 2016, were received on january 5, 2017. the invoice cost was $22,000. 3. goods shipped from kwok to a customer f.o.b. destination on december 27, 2016, were received by the customer on january 3, 2017. the sales price was $45,000 and the merchandise cost $27,000. 4. goods shipped from kwok to a customer f.o.b. destination on december 26, 2016, were received by the customer on december 30, 2016. the sales price was $25,000 and the merchandise cost $18,000. 5. goods shipped from kwok to a customer f.o.b. shipping point on december 28, 2016, were received by the customer on january 4, 2017. the sales price was $30,000 and the merchandise cost $17,000. required: determine the correct inventory amount to be reported in kwok's 2016 balance sheet.

Match the different financial task to their corresponding financial life cycle phases

Afamily wishes to save for future college expenses. which financial tool should the family invest in?