Solution-Compute the inventory valuation that should be

Compute the inventory valuation that should be reported

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Reference no: EM133088618

Question - Please create a spreadsheet for the following question - The December 31, 2014 inventory of Gwynn Company consisted of four products, for which certain information is provided below.

Product	Original Cost	Replacement Cost	Estimated Disposal Cost	Expected Selling Price	Normal Profit on Sales
A	$25.00	$22.00	$6.50	$40.00	20%
B	$42.00	$40.00	$12.00	$48.00	25%
C	$120.00	$115.00	$25.00	$190.00	30%
D	$18.00	$15.80	$3.00	$26.00	10%

Required - Using the lower-of-cost-or-market approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2014.

Reference no: EM133088618

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Compute the inventory valuation that should be reported

Reference no: EM133088618

Reference no: EM133088618

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