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can someone help me find the ending inventory? Serebin Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras
can someone help me find the ending inventory?
Serebin Company applied FIFO to its inventory and got the following results for its ending inventory.
Cameras | 113 | units at a cost per unit of | $66 |
DVD players | 152 | units at a cost per unit of | $78 |
iPods | 125 | units at a cost per unit of | $85 |
The cost of purchasing units at year-end was cameras $76, DVD players $57, and iPods $75.
Determine the amount of ending inventory at lower-of-cost-or-market.
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