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i need some help please! Wascana Photography Services sells and services a variety of high-end photography equipment for professional photographers. An inventory count is conducted

i need some help please!

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Wascana Photography Services sells and services a variety of high-end photography equipment for professional photographers. An inventory count is conducted each year end to verify the information contained in the company's perpetual inventory system. Once counted, the inventory is valued for the purposes of preparing the nancial statements. The following inventory items represent a cross-section ofWascana's inventory for the year ended June 30, 2020. Because computerized records are maintained and a specic identication method of inventory is applied. the historical cost of each inventory item can easily be determined. In addition to the historical cost, the store management has included information detailing net realizable value for each item. Nikon D3100 body 4 $600 $450 Nikon 5200 with zoom lens 2 $1,800 $2,?00 Nikon 80-200 lm/2.8 lens 2 $1,900 $2,200 Canon E05 60 body 2 $1,600 $1,000 Canon EF 24-70 mm/2.8 zoom lens 1 $2,200 $2,600 Olympus E5 body 3 $2,600 $1,800 Pentax K3 body 6 $1,100 $1,100 Aleksander Dudyk. the manager of Wascana, is confused about why there is a difference between historical cost and net realizable value. Aleksander is not an accountant and is unfamiliar with these terms. He is also wondering which number should be used to value the company/s inventory on June 30, 2020. For the purposes of this case, assume that the above items represent the total inventory of Wascana Photography Services on June 30, 2020. lb} Calculate the ending inventory value using the lower of cost and net realizable value. Ending inventory value $

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