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QUESTION

Option #1: Wisconsin Milk and Ice Cream ManufacturingWisconsin Milk and Ice Cream Manufacturing operates a single plant in Sun Prairie, Wisconsin. It manufactures milk and ice cream for retail and pri

Option #1: Wisconsin Milk and Ice Cream Manufacturing

Wisconsin Milk and Ice Cream Manufacturing operates a single plant in Sun Prairie, Wisconsin. It manufactures milk and ice cream for retail and private label marketers in the Midwest.

Requirements:

  1. Compute the Net Realizable Value (NRV) method.
  2. Complete the Product Line Income statement for month ended June using the NRV Method

Follow the instructions on the Data tab of the worksheet linked under this assignment in Module 3. Show all calculations within the cells of the Excel spreadsheet. This means that you must use formulas and links so that your thought process can be examined. You must also include a detailed explanation of each journal entry that you make or do not make on each date to convey your thought process. There should be no hard coding of solutions.

Review the grading rubric to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment.

Submit your downloaded and completed Excel file (with your name added to the file name) to the CT Assignment dropbox for Module 3.

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