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Exercise 6-13 Larkspur, Inc. applied FIFO to its inventory and got the following results for its ending inventory. Cameras Blu-ray players 157 units at a
Exercise 6-13 Larkspur, Inc. applied FIFO to its inventory and got the following results for its ending inventory. Cameras Blu-ray players 157 units at a cost per unit of $73 iPods 117 units at a cost per unit of $69 126 units at a cost per unit of $84 The net realizable value of each of these products at year-end was cameras $75, Blu-ray players $55, and iPods $71. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory
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