Sedato Company pricing its inventory at LCNRV, on an individual... | Filo

Answered: 16. Use the following information to calculate inventory applying LCNRV by item Recorded Expected sales price $16 $24 $19 $60 Disposal Costa cost Item A $12 $22… | bartleby

Nash Company began operations in 2025 and determined its ending inventory at cost and at LCNRV at December 31, 2025, andDecember 31, 2026. This information is presented below.CostLCNRV12/31/25 874,000829,30012/31/26 1,004,000 970,100(a)Your answer is partially correct.Prepare the journal entries required at December 31, 2025, and December 31, 2026, assuming that the inventory is recorded atLCNRV, and that a perpetual inventory system. Using the cost-of-goods-sold method. (Credit account titles a