Skysong Import has one of the largest selection of imported food products from Europe. Some of the food products are

nearing the "best before date" and as such the wholesale price that Skysong charges its distributors will have to be

reduced to move the merchandise. Skysong reported the following cost and net realizable value for inventory at

December $31$:

Olive Varieties

Calculate the total ending inventory balance for pasta brands and olive varieties using cost and the lower of cost or

net realizable value for each item.

Product Item

Pasta Brand:

Decicco

Bari

Rustichella

Olive Varieties:

Liguria

Gaeta

Kalamatas

Total

Total cost

Lower of Cost or NRV

Lower of Cost or NRV

$

$

$1$

$\frac{?}{\text{b}\text{a}\text{r}}()$