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 Inventory Optima camera Inspire speakers Calculate the total amount to be reported for ending inventory in the balance sheet. Quantity Quantity 120 30 120 30 Unit Cost $55 65 Unit NRV $85 55 Lower of Cost and NRV per unit Ending Inventory

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