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Blue Spruce Corp. applied FIFO to its inventory and got the following results for its ending inventory. Cameras 101 units at a cost per unit
Blue Spruce Corp. applied FIFO to its inventory and got the following results for its ending inventory.
Cameras | 101 | units at a cost per unit of | $62 | |
---|---|---|---|---|
Blu-ray players | 174 | units at a cost per unit of | $73 | |
iPods | 125 | units at a cost per unit of | $85 |
The net realizable value of each of these products at year-end was cameras $80, Blu-ray players $59, and iPods $77. Determine the amount of ending inventory at lower-of-cost-or-net realizable value.
Ending inventory | $enter the ending inventory amount in dollars |
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