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Current Attempt in Progress Bonita Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 100 units at
Current Attempt in Progress Bonita Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 100 units at a cost per unit of $63 Blu-ray players 165 units at a cost per unit of $70 iPods 130 units at a cost per unit of $83 The net realizable value at year-end was cameras $71, Blu-ray players $68, and iPods $77. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory
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