What amount will be reported on the educational system, Accounting Basics

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What amount will be reported on the educational system

The following information pertains to item #AB345 of inventory of ABC Educational System, Inc.:

Cost $45 per unit
Replacement cost $46 per unit
Selling price $52 per unit

The physical inventory indicates 900 units of item #AB345 on hand. What amount will be reported on the Educational System, Inc.'s balance sheet for the inventory item?

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount will be reported on the educational system

Reference No:- TGS0707345

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How to estimates regarding each machine

Q : Determine the factory overhead rate based on machine hours

Q : Will the raw material inventory affect this years income

Q : What should tony conclude from these computations

Q : What amount will be reported on the educational system

Q : Assuming madison does not want to recognize

Q : Credits cash for the full amount of the invoice

Q : Identify the internal control principles

Q : Macgiver brass is a brass plating

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount will be reported on the educational system

Reference No:- TGS0707345

Recent Questions Asked Accounting Basics

Q : How to estimates regarding each machine

Q : Determine the factory overhead rate based on machine hours

Q : Will the raw material inventory affect this years income

Q : What should tony conclude from these computations

Q : What amount will be reported on the educational system

Q : Assuming madison does not want to recognize

Q : Credits cash for the full amount of the invoice

Q : Identify the internal control principles

Q : Macgiver brass is a brass plating

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