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Sunland Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 125 units at a cost per unit
Sunland Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 125 units at a cost per unit of $60 Blueray players iPods 150 units at a cost per unit of $70 140 units at a cost per unit of $80 The net realizable value at year-end was cameras $75, Blu-ray players $67, and iPods $75. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory $
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