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Aubrey Graham Company applied LIFO to its inventory and got the following results for its ending inventory Microphones 275 units at a cost per unit

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Aubrey Graham Company applied LIFO to its inventory and got the following results for its ending inventory Microphones 275 units at a cost per unit of $75 Microphone Stands 310 units at a cost per unit of $40 - Headphones 125 units at a cost per unit of Soe Computers 50 units at a cost per unit of $375 The net realizable value at year-end was microphones Sos. Microphone stands $45, Headphones $70, and computers $400. Instructions: Complete the following table to determine the amount of ending inventory at lower-of-controllable value. Amounts should be computed for individu items and total inventory. Applicable dollar signs have been provided for you. Answers should include applicable comma. Decimals should not be included. For more your should be formatted as follows: 15.000 Inventory Item Lower-of-Cost-or-NRV Microphones Microphone Stands S Headphones s Computers S Total Inventory S Click Submit to complete this assessment Close Window DOLL % 5 3

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