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Suppose that Columbia Corporation sells six different products. The following information is available on December 31: Net Realizable Value Estimated Selling Price Inventory Item Units
Suppose that Columbia Corporation sells six different products. The following information is available on December 31: Net Realizable Value Estimated Selling Price Inventory Item Units Cost per unit per unit per unit Tin 60 $500 $505 $515 Titanium 20 5,000 4,950 5,100 Stainless Steel 80 2,000 1,910 1,985 Aluminum 80 350 285 290 Iron 40 400 410 425 Copper 40 300 295 310 If Lower-of-Cost-or-Net Realizable Value is applied to each inventory item, what amount will be reported for ending inventory? $346,000 0 $333,100 O $332,800 $332,400
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