Determining Lower of Cost or Net Realizable Value (NRV)

The following data refer to Froning Companys ending inventory.

part (a)

part (b)

Determining Lower of Cost or Net Realizable Value (NRV) The following data refer to Froning Company's ending inventory. Determine the ending inventory amount by applying the lower of cost or net realizable value rule to: (a) each item of inventory (b) the total inventory