Business
Business, 30.10.2020 16:20, blueval3tine

Yoshi Co.'s 12/31/2020 inventory on a FIFO basis was $980,000. The following information is available: Estimated selling price is $1,020,000; Estimated cost of disposal is $40,000; Normal profit margin is $120,000; and Current replacement cost is $900,000. At 12/31/2020, assuming Yoshi uses the loss method, what amount of loss should Yoshi record from applying LCM

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Yoshi Co.'s 12/31/2020 inventory on a FIFO basis was $980,000. The following information is availabl...

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