Question: Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory Creative Technology reports
Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory
Creative Technology reports inventory using the lower of cost and net realizable value (NRV), Below is information related to its year-end inventory Inventory Quantity Unit Cost Optima cameras 120 $51 Inspire speakers 51 61 NRV $81 30 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 ololo $
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