Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year- end inventory. Inventory Optima cameras Inspire speakers Calculate the total amount to be reported for ending inventory in the balance sheet. Inventory Optima camera Inspire speakers Quantity 120 30 Unit Unit Cost NRV $82 $52 62 52 Quantity 120 30 Lower of Cost and NRV per unit $ SA $ Ending Inventory 0 0 0

Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its yearend inventory. Calculate the total amount to be reported for ending inventory in the balance sheet