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could someone explain this plz Question 12 (1 point) Cycle Shop carries 2 major products: bicycles and motor scooters. Due to increases in gasoline prices,
could someone explain this plz
Question 12 (1 point) Cycle Shop carries 2 major products: bicycles and motor scooters. Due to increases in gasoline prices, the demand for motor scooters has declined and the demand for bicycles has increased. At December 31, 2012, bicycles on hand had a cost of $64,500 and a net realizable value of $94,000, while motor scooters had a cost of $110,000 and a net realizable value of $76,050. What will be the total amount of inventory reported on the December 31, 2012 balance sheet? For your answer, make sure to put the number without dollar signs ($), commas (,), periods (.), and decimal points. Again, please state the number only without dollar signs, commas, periods, and decimal points for your answer. For example, if the answer happens to be 12345, then you must simply put 12345Step by Step Solution
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