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Exercise 6-13 Marigold Corp. applied FIFO to its inventory and got the following results for its ending inventory. Cameras 116 units at a cost per
Exercise 6-13 Marigold Corp. applied FIFO to its inventory and got the following results for its ending inventory. Cameras 116 units at a cost per unit of $61 Blu-ray players 167 units at a cost per unit of $72 iPods 127 units at a cost per unit of $89 The net realizable value of each of these products at year-end was cameras $85, Blu-ray players $56, and iPods $73. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory
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