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help please :) Trillium Import has one of the largest selection of imported food products from Europe. Some of the food products are nearing the
help please :)
Trillium Import has one of the largest selection of imported food products from Europe. Some of the food products are nearing the "best before date and as such the wholesale price that Trillium charges its distributors will have to be reduced to move the merchandise. Trillium reported the following cost and net realizable value for inventory at December 31: Product Item Units Unit Cost NRV Pasta Brand 81 Decicco Bari Rustichella 61 $102 $88 $78 $87 $120 $88 58 Olive Varieties 98 Liguria Gaeta Kalamatas 133 $219 $143 $110 $278 $143 $105 70 Calculate the total ending inventory balance for pasta brands and olive varieties using cost and the lower of cost or net realizable value for each item. Total cost Lower of cost or NRV Pasta Brand Decicco $102 $87 Bari Rustichella Olive Varieties Liguria Gaeta I Kalamatas Total $ Step by Step Solution
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