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New attempt is in progress. Some of the new entries may impact the last attempt grading. Your answer is incorrect. Bonita Industries sells coffee beans,

New attempt is in progress. Some of the new entries may impact the last attempt grading. Your answer is incorrect. Bonita Industries sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31, 2022. Coffee Bean Units Unit Cost Net Realizable Value Coffee arabica 13,400 bags $5.20 $5.15 Coffee robusta 5,500 bags 3.30 3.40 Calculate Bonitas inventory by applying the lower-of-cost-or-net realizable value basis. What is Bonitas inventory

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