Hello,

Can you please help me with the following question (see below)

Thanks!

The controller of Greene Yard Company is applying the lower-of-cost-or-net realizable basis of valuing its ending inventory. The following information is available: Market Cost Value Lawnmowers: Self-propelled $16,800 $17,000 Push type 19,500 18,000 Total 36,300 35,000 Snowblowers: Manual 29,800 30,000 Self-start 19,700 21,000 Total 49,500 51,000 Total inventory $85,800 $86,000 Compute the value of the ending inventory by applying the lower-of-cost-or-net realizable basis. X Total ending inventory 85800