E 9.03 – Tatum Company


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Determine carrying value inventory and record adjusting entry. Assume the lower of cost of net realizable value (LCNRV) rule is applied.

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  • Search Terms: $ , , required: . (lcnrv) , about adjusting any applied are as assuming at carrying common company company, cost cost total december determine entry. follows: product total for four has in individual information inventory inventory. is its lower necessary net net realizable of or products products. . realizable record rule tatum that the to value value $ , write-downs year-end
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