Question: Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year- end inventory. Quantity Unit

Creative Technology reports inventory using the lower of cost and net

Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year- end inventory. Quantity Unit Cost $76 Inventory Optima cameras Inspire speakers NRV 110 $46 50 46 56 Calculate the total amount to be reported for ending inventory. Ending Inventory Lower of Cost and Inventory Quantity NRV per unit $ Optima camera 0 Inspire speakers 0 $ 0

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