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QUESTION 13 Entity A sells three different products. The following information is available on December 31: Inventory Item Y Z Cost per unit $ 1.00

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QUESTION 13 Entity A sells three different products. The following information is available on December 31: Inventory Item Y Z Cost per unit $ 1.00 $ 5.00 $10.00 Net realizable value per unit $2.50 $4.50 $9.50 Assume that Entity A has one unit left of each inventory item. After applying the lower-of-cost-or-net-realizable-value rule to each item, what will Entity A's total ending inventory balance be? $15.00 $15.50 $16.50 $16.00

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