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Sheridan Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras Blu-ray players iPods 100 units at a cost
Sheridan Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras Blu-ray players iPods 100 units at a cost per unit of $62 160 units at a cost per unit of $71 130 units at a cost per unit of $80 The net realizable value at year-end was cameras $74, Blu-ray players $65, and iPods $75. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory $
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