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The following data refer to Wards Company's ending inventory: Item code Quantity Unit Cost Unit NRV Small 45 $ 96 $114 Medium 60 138 132
The following data refer to Wards Company's ending inventory:
Item code | Quantity | Unit Cost | Unit NRV |
Small | 45 | $ 96 | $114 |
Medium | 60 | 138 | 132 |
Large | 65 | 150 | 126 |
Extra-Large | 35 | 162 | 159 |
How much is ending inventory if the lower-of-cost-or-net realizable value rule is applied to the total inventory?
Select one:
A. $26,436
B. $26,415
C. $26,805
D. $28,020
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