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The controller of Blossom Yard Company is applying the lower-of-cost-or-net realizable value basis of valuing its ending inventory The following information is available: Cost Net
The controller of Blossom Yard Company is applying the lower-of-cost-or-net realizable value basis of valuing its ending inventory The following information is available:
Cost | Net Realizable Value | |
Lawnmowers | ||
Self Propelled | 17180 | 17340 |
Push Type | 19890 | 18360 |
Total | 37070 | 35700 |
Snowblowers | ||
Manual | 30440 | 30600 |
Self Start | 20050 | 21420 |
Total
Total Inventory | 50490
87560 | 52020
87720 |
Compute the value of the ending inventory by applying the lower-of-cost-or-net realizable value basis:
Total ending inventory :
$ |
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