Question: Saved Help Save & Exit Sue Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to

 Saved Help Save & Exit Sue Creative Technology reports inventory using

Saved Help Save & Exit Sue 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 100 Unit Cost $85 55 NRV $55 65 40 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 ere to search

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