Question: Using the information below, determine the ending inventory value applying the lower of cost and net realizable value. Inventory Item Cutlets Chops Shanks Net Realizable

Using the information below, determine the ending inventory value applying the lower of cost and net realizable value. Inventory Item Cutlets Chops Shanks Net Realizable Quantity Cost Value

200

12

14 400

16 300

15

12

14

Multiple Choice $

13.300 .

12, 000

11, 600

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