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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
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 Quantity 110 50 Unit Cost $48 58 NRY $ 78 48 Calculate the total amount to be reported for ending inventory Inventory Quantity Lower of Cost and NRV per unit Ending Inventory $ Optima camera Inspire speakers 0 $
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