The Images Company sells three types of video equipment-DSLR cameras, Point and Shoot cam- eras, and Camcorders. The cost and net realizable value of its inventory of video equipment follow:

Compute the value of the Images Company’s ending inventory under the lower-of-cost-or-net realiz- _ able value method applied on an item-by-item basis.

Transcribed Image Text:

DSLR Point and Shoot Camcorders Cost $110.000 NRV $125.000 73,000 92,000 57,000 48,000