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Marigold Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 90 units at a cost per unit of
Marigold Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 90 units at a cost per unit of $65 Blu-ray players 140 units at a cost per unit of $71 iPods 115 units at a cost per unit of $73 The cost of purchasing units at year-end was cameras $71, Blu-ray players $64, and iPods $71. Determine the amount of ending inventory at lower-of-cost-or-market. Ending inventory $Type your answer here
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