Q16 : The Purchase ledger contains:

Personal Accounts of Customers

Purchase Ledger Control Account

Personal Accounts of Supplier

Personal accounts of Bankers

Q17: Powder Ski Shop reports inventory using the lower of cost and net realizable value (NRV). Information related to its year-end inventory appears below.

Inventory	Quantity	Unit Cost	Unit NRV
		$	$
Ski jackets	20	115	95
Skis	25	300	350

Using the lower of cost and net realizable method, for what amount would Powder Ski Shop report ending inventory?

$10,650

$9,800

$9,400

$11,050