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Question Nauru Incorporated sources clothing items from Tuvalu Limited and sells them to retailers. Based on the six different items in ending inventory that Nauru
Question Nauru Incorporated sources clothing items from Tuvalu Limited and sells them to retailers. Based on the six different items in ending inventory that Nauru possesses at year-end, calculate the dollar value of inventory for Nauru. $106 Items Women's Jeans Women's Coats Women's Scarves Men's Jeans Men's Coats Men's Scarves Number in Original Cost to Ending Inventory Nauru from Tuvalu 300 $54 300 100 $26 200 I $34 400 $74 50 $19 Cost to Sell Tagging $4 $6 $2 $3 $5 $2. Cost to Sell Expected Fold Package Sales Price $5 $75 $S $110 $4 $45 $40 $96 $35 $5 SS $4 Required a) Use the lower of cost and net realizable value approach to calculate the dollar value of ending inventory, on an individual item basis. (7 marks) b) Use the lower-of-cost and net realizable value approach to calculate the dollar value of ending inventory, on a grouped-by-gender basis (ie. women's clothing versus men's clothing), (7 marks)
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