Question: Using the information below, determine the ending inventory value applying the lower of cost or net realizable value method required by GAAP Inventory Item Quantity
Using the information below, determine the ending inventory value applying the lower of cost or net realizable value method required by GAAP Inventory Item Quantity Cost Net Realizable Value Crew Neck Sweatshirts 200 $ 18 $ 15 Hoodies 400 $ 20 $ 17 V Neck Sweatshirts 250 $ 22 $ 25
Using the information below, determine the ending inventory value applying the lower of cost or net realizable value method required by GAAP Net Realizable Value Inventory Item Quantity Cost Crew Neck Sweatshirts 200 $ 18 $ 15 Hoodies 400 $ 20 $ 17 V Neck Sweatshirts 250 $ 22 $ 25 Select one: O a. $15,900 O b. $15,400 O c. $15,300 O d. $14,200 O e. $17,100
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