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Niva Company has the following information for its inventories A, B, C, and D:
Quantity
Historical Cost
Net Realizable Value
A
15
20
25
B
20
35
30
C
40
25
40
D
25
50
35
The necessary adjustment associated with the lower of cost and net realizable value would be:
A.
Inventory
675
Cost of Goods Sold
675
B.
Cost of Goods Sold
675
Inventory
675
C.
Inventory
475
Cost of Goods Sold
475
D.
Cost of Goods Sold
475
Inventory
475
Sagot :
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