Tamarisk Company sells three different categories of tools (small, medium, and large). The cost and net realizable value of its inventory of tools are as follows: Small Medium Large (a) Cost $61,440 278,400 145,920 Net Realizable Value Save for Later $70,080 Question Part Score 249,600 164,160 Determine the lower of cost and net realizable value of the ending inventory assuming Tamarisk Company applies LCNRV on individual items. Lower of cost and net realizable value E $ Attempts: 0 of 1 used Submit Answer --/3

Tamarisk Company sells three different categories of tools (small, medium, and large). The cost and net realizable value of its inventory of tools are as follows: (a) Determine the lower of cost and net realizable value of the ending inventory assuming Tamarisk Company applies ICNRV on individual items. Lower of cost and net realizable value