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calculate the total amount to be reported for ending inventory. Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below
calculate the total amount to be reported for ending inventory.
Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year- end Inventory Inventory Quantity Unit Cost NRV Optima cameras 120 $52 $82 Inspire speakers 30 62 52 Calculate the total amount to be reported for ending inventory Inventory Quantity Lower of Cost and NRV per unit Ending Inventory Optima camera Inspire speakers Step by Step Solution
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