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ome Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Inventory Quantity Unit
ome Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory.
Inventory | Quantity | Unit Cost | Unit NRV |
|
| $ | $ |
Furniture | 200 | 85 | 100 |
Electronics | 50 | 400 | 300 |
Using the lower of cost and net realizable method, for what amount would Home Furnishings report ending inventory?
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