Exercise 6-12

Charapata Company applied FIFO to its inventory and got the following results for its ending inventory.

Cameras		113	units at a cost per unit of	$62
Blu-ray players		166	units at a cost per unit of	$72
iPods		143	units at a cost per unit of	$83

The net realizable value of units purchased at year-end was cameras $85, Blu-ray players $60, and iPods $71. Determine the amount of ending inventory at lower-of-cost-or-market.

Ending inventory

$