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Bonita Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras Blu-ray players iPods 100 units at a cost
Bonita Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras Blu-ray players iPods 100 units at a cost per unit of $63 165 units at a cost per unit of $70 130 units at a cost per unit of $83 The net realizable value at year-end was cameras $71, Blu-ray players $68, and iPods $77. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory $
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