[Solved] Monty's Sporting Stores Inc. reported the

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Monty'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:

Monty'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 12 $249 $390 CCM 9 $402 $340 Running shoes: Adidas 4 $110 $110 Nike 7 $107 $100 (a) Calculate the ending inventory balance for skates and running shoes using the lower of cost and net realizable value for each item. Ending inventory balance

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