At December 31, 2014, Bosan Corporation has 4,900 units of model 63 and 3,500 units of model 64 in its ending inventory. Specific data with respect to each product follows: What amount will be reported for inventory on Boson's statement of financial position after the company applies LCNRV?

Question

At December 31, 2014, Bosan Corporation has 4,900 units of model 63 and 3,500 units of model 64 in its ending inventory. Specific data with respect to each product follows:  What amount will be reported for inventory on Boson's statement of financial position after the company applies LCNRV?

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The Answer of At December 31, 2014, Bosan Corporation has 4,900 units of model 63 and 3,500 units of model 64 in its ending inventory. Specific data with respect to each product follows:  What amount will be reported for inventory on Boson's statement of financial position after the company applies LCNRV?

At December 31, 2014, Bosan Corporation Has 4,900 Units of Model