Tom has also realized he has a view older models of shoes in stock that have not sold in a while, and he is wondering how best to account for these. In order to help you identify the value he did some market research and found the Net Realizable Value for each pair as well as what he originally paid for it [cost].

Based on below listed cost and net realizable values determine the ending inventory balance of these specific pairs of shoes [NOTE-do not consider the Required 3 information, this is a separate task) Per Unit Quantity Cost Net Realizable Value. $ 100.00 $ $180.00 $ Model 154 Model 160 Model 165 Model 11 120.00 168.00 260.00 $250.00 $ $ 30.00 $ 35.00 20 15 10 60