(30) Nelson Corporation sells three different products. The following information is available on December 31: Inventory...

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(30) Nelson Corporation sells three different products. The following information is available on December 31: Inventory Item Units X Y Z Cost per unit Net realizable value per unit 300 $4.00 $3.00 600 1,500 $2.00 $1.50 $3.00 $3.50 After applying the lower-of-cost-or-net-realizable-value rule to each item, what will Nelson's total ending inventory balance be $ ? (30) Nelson Corporation sells three different products. The following information is available on December 31: Inventory Item Units X Y Z Cost per unit Net realizable value per unit 300 $4.00 $3.00 600 1,500 $2.00 $1.50 $3.00 $3.50 After applying the lower-of-cost-or-net-realizable-value rule to each item, what will Nelson's total ending inventory balance be $ ?

Answer rating: 100% (QA)

1 For item x Lower of cost or net realizable value Lower of 400 or 300 300 2 For ... View the full answer