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Bonita's Snowshoes usually sells its snowshoes for $140 per unit and allows Bonita's to earn a 15% profit margin. It has recently come to Bonita's

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Bonita's Snowshoes usually sells its snowshoes for $140 per unit and allows Bonita's to earn a 15% profit margin. It has recently come to Bonita's attention that the expected selling price has fallen to $62 per unit. Bonita's current inventory includes 85 units purchased at $96 per unit. Calculate the value of the inventory at the lower of cost and net realizable value. $5952 $8160 $5270 $10115

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