Current Attempt in Progress Pharoah Information Technology Company has the following cost and net realizable value data at December 31, 2024: Inventory Categories Personal computers Servers Total solution printers Cost $24,200 18,200 10,000 Correct ending inventory Pharoah Information Technology Company's cost of goods sold for 2024 was $418,700. What is the correct ending inventory that should be reported on the balance sheet at December 31, 2024? $ Net Realizable Value $21,500 19,500 9,400 What is the correct cost of goods sold that should be reported on the income statement for the year ended December 31, 2024? Correct cost of goods sold $
Current Attempt in Progress Pharoah Information Technology Company has the following cost and net realizable value data at December 31, 2024: Inventory Categories Personal computers Servers Total solution printers Cost $24,200 18,200 10,000 Correct ending inventory Pharoah Information Technology Company's cost of goods sold for 2024 was $418,700. What is the correct ending inventory that should be reported on the balance sheet at December 31, 2024? $ Net Realizable Value $21,500 19,500 9,400 What is the correct cost of goods sold that should be reported on the income statement for the year ended December 31, 2024? Correct cost of goods sold $
Chapter10: Inventory
Section: Chapter Questions
Problem 13PA: Company Elmira reported the following cost of goods sold but later realized that an error had been...
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