Question: Multiple Choice Question 151 Ayayai Corp. sells six different products. The following information is available on December 31: Inventory item Units Tin 55 20 Titanium

 Multiple Choice Question 151 Ayayai Corp. sells six different products. The

Multiple Choice Question 151 Ayayai Corp. sells six different products. The following information is available on December 31: Inventory item Units Tin 55 20 Titanium Stainless steel Aluminum Iron Fiberglass Cost per unit Net Realizable Value per unit $470 $475 4700 4650 1880 1800 330 270 380 390 280 275 Estimated selling price $485 4790 1860 275 400 275 75 40 When applying the lower-of-cost-or-net-realizable-value rule to each item, what will Ayayai total ending inventory balance be? O $300300 o $312000 o $300975 o $300700 Click if you would like to Show Work for this question: Open Show Work

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!