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

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 caneran Inspire speakers: Quantity 120 Unit Cost NRV $47 677 30 57 47 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

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