Question: Creative Technology reports inventory using lower-of-cost-or-market. Below is information related to its year-end inventory. Calculate the amount to be reported for ending inventory . Inventory

Creative Technology reports inventory using lower-of-cost-or-market. Below is information related to its year-end inventory. Calculate the amount to be reported for .
Inventory Quantity Cost Market
Optima cameras...........100............$50..................$80
Inspire speakers............40..............60...................50

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