I need help, please, on how to get the ending inventory step by step BonitaCompany applied FIFO
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Question:
I need help, please, on how to get the ending inventory step by step
BonitaCompany applied FIFO to its inventory and got the following results for its ending inventory.
Cameras
115units at a cost per unit of$65Blu-ray players
190units at a cost per unit of$71iPods
135units at a cost per unit of$85
The net realizable value at year-end was cameras $72, Blu-ray players $68, and iPods $77.
Determine the amount of ending inventory at lower-of-cost-or-net realizable value.
Ending inventory$
enter the amount of ending inventory in dollars
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