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Need some help with this. Thank you. Exercise 6-12 Charapata Company applied FIFO to its inventory and got the following results for its ending inventory.
Need some help with this. Thank you.
Exercise 6-12 Charapata Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras Blu-ray players 163 units at a cost per unit of $78 iPods 102 units at a cost per unit of $66 120 units at a cost per unit of $84 The net realizable value of units purchased at year-end was cameras $73, Blu-ray players $56, and iPods $78. Determine the amount of ending inventory at lower-of-cost-or-market. Ending inventoryStep by Step Solution
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