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Consider the following information pertaining to OldWest's inventory: Product Quantity Cost Net Realizable Value Revolvers 17 $ 124 $ 159 Spurs 28 25 20 Hats

Consider the following information pertaining to OldWest's inventory:

Product Quantity Cost Net Realizable Value
Revolvers 17 $ 124 $ 159
Spurs 28 25 20
Hats 11 54 44

  • $3,152.

  • $3,402.

  • $3,244.

  • $3,747.

At what amount should OldWest report its inventory?

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