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Crane Company sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31, 2022. Coffee
Crane Company sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31, 2022. Coffee Bean Coffea arabica Coffea robusta Units 11.700 bags 4,500 bags Unit Cost Market $6.10 3.20 Net Realizable Value $6.05 3.30 Calculate Crane's inventory by applying the lower-of-cost-or-market basis. Crane's inventory $
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