Question: Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Inventory Optima cameras
Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Inventory Optima cameras Inspire speakers Quantity 120 30 Unit Cost $55 65 NRV $85 55 Calculate the total amount to be reported for ending inventory. Inventory Quantity Lower of Cost and NRV per unit Ending Inventory $ Optima camera Inspire speakers 0 0 $
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