Inventory Item Demonstrate your skills - Lower of Cost or Market Rule Nelson Corporation sells three different products. The following information available on December 31: X Y N Units 100 200 500 Cost per unit $4.00 $2.00 $3.00 AROMAIN hp Market value per unit $3.50 $1.50 $4.00 After applying the lower of cost of market rule to each item, what will Nelson's TOTAL ENDING INVENTORY BALANCE be? Aus

Demonstrate your skills - Lower of Cost or Market Rule Nelson Corporation sells three different products. The following information is available on December 31 : After applying the lower of cost of market rule to each item, what will Nelson's TOTAL ENDING INVENTORY BALANCE be