Question

T Addison Corporation sells 3 different products, Product A, B, & C. Addison uses the FIFO method for cost flow. Product A Product B Product C Estimated selling price $60 $75 $84 Original cost 45 60 54 Cost of disposal 6 12 9 Cost of completion 15 0 6 What inventory value is reported in the balance sheet for Product A? (do not use dollars signs, commas, or decimals in your answer) A What inventory value is reported in the balance sheet for Product B? (do not use dollar signs, commas, or decimals in A What inventory value is your answer) reported in the balance sheet for Product C? (do not use dollar signs, commas, or decimals in your answer)

          T
Addison Corporation sells 3 different products, Product A, B, & C. Addison uses the
FIFO method for cost flow.
Product A Product B Product C
Estimated selling
price
$60
$75
$84
Original cost
45
60
54
Cost of disposal
6
12
9
Cost of completion 15
0
6
What inventory value is reported in the balance sheet for Product A? (do not use
dollars signs, commas, or decimals in your answer)
A What inventory value is reported in
the balance sheet for Product B? (do not use dollar signs, commas, or decimals in
A What inventory value is
your answer)
reported in the balance sheet for Product C? (do not use dollar signs, commas, or
decimals in your answer)

T
Addison Corporation sells 3 different products, Product A, B, C. Addison uses the
FIFO method for cost flow.
Product A Product B Product C
Estimated selling
price
6075
84
Original cost
45
60
54
Cost of disposal
6
12
9
Cost of completion 15
0
6
What inventory value is reported in the balance sheet for Product A? (do not use
dollars signs, commas, or decimals in your answer)
A What inventory value is reported in
the balance sheet for Product B? (do not use dollar signs, commas, or decimals in
A What inventory value is
your answer)
reported in the balance sheet for Product C? (do not use dollar signs, commas, or
decimals in your answer)

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