11 A company reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory Inventory Ski jackets skis Quantity 14 33 Cost per Unit $200 330 NRV per Unit $180 250 Calculate the amount to be reported for ending inventory Ending inventory 12 On February 1, 2021, Miter Corp. lends cash and accepts a $4,800 note receivable that offers 20% interest and is due in six months. How much interes revenue will Miter Corp. report during 2021? (Do not round intermediate calculations.) Multiple Choice $5,760 O $480 $477 5960 13 A company purchased land, a building, and equipment for one price of $800,000. The estimated fair values of the land, building, and equipment a $100,000, $700,000, and $200,000, respectively. At what amount would the company record the land? Multiple Choice $800,000 $80,000 O O $90,000 $100,000