Marigold's Sporting Stores Inc. reported the following cost and net realizable value information for inventory at...
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Marigold's Sporting Stores Inc. reported the following cost and net realizable value information for inventory at December 31: Item Units Unit Cost Unit NRV Skates: Bauer 13 $247 $388 CCM 10 $400 $338 Running shoes: Adidas 5 $108 $108 Nike 8 $105 $98 (a) Calculate the ending inventory balance for skates and running shoes using the lower of cost and net realizable value for each ite- Ending inventory balance Calculate the ending inventory balance for skates and running shoes using the historical unit costs provided. Ending inventory balance Marigold's Sporting Stores Inc. reported the following cost and net realizable value information for inventory at December 31: Item Units Unit Cost Unit NRV Skates: Bauer 13 $247 $388 CCM 10 $400 $338 Running shoes: Adidas 5 $108 $108 Nike 8 $105 $98 (a) Calculate the ending inventory balance for skates and running shoes using the lower of cost and net realizable value for each ite- Ending inventory balance Calculate the ending inventory balance for skates and running shoes using the historical unit costs provided. Ending inventory balance
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