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 Quantity

Creative Technology reports inventory using the lower of cost and net realizable

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 NRV Optima cameras 110 $79 $49 Inspire speakers 50 49 59 Calculate the total amount to be reported for ending inventory. Lower of Cost and Inventory Quantity NRV per unit Ending Inventory Optima camera Inspire speakers

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