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Consider the following information pertaining to OldWest's inventory: Net Realizable Product Quantity Cost Value 12 Revolvers 16 $ $ 150 0 Spurs 23 27

 

Consider the following information pertaining to OldWest's inventory: Net Realizable Product Quantity Cost Value 12 Revolvers 16 $ $ 150 0 Spurs 23 27 22 Hats 12 56 40 At what amount should Old West report its inventory? A) $3,386. B) $3,213. C) $2,996. D) $2,906.

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