Exercise 6-13

Exercise 6-13 Oriole Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 112 units at a cost per unit of $68 Blu-ray players 167 units at a cost per unit of $82 iPods 139 units at a cost per unit of $90 The net realizable value of each of these products at year-end was cameras $77, Blu-ray players $54, and ipods $72. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory