Question
he inventory of Aylmer Inc on December 31, Y8 consists of the following items: Part No Quantity Cost per Unit NRV 51 100 $ 5.00
he inventory of Aylmer Inc on December 31, Y8 consists of the following items:
| Part No | Quantity | Cost per Unit | NRV |
| 51 | 100 | $ 5.00 | $ 4.50 |
| 52 | 200 | $ 6.00 | $ 6.90 |
| 53 | 300 | $ 8.00 | $ 7.20 |
Determine the inventory as at December 31, Y8, by the lower of cost and net realizable value method, applying this method to the total of the inventory
Please enter your answer as a dollar amount. Ex: $1,000.
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Financial Accounting For MBAs
Authors: Peter Easton, Robert Halsey, Mary Lea McAnally, John Wild
8th Edition
1618533584, 9781618533586
