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

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 110 50 Unit Cost $48 58 NRY $ 78 48 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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