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Tiger Company had the following inventory at December 31 . Determine the ending inventory total by applying the lower of cost or net realizable value
Tiger Company had the following inventory at December 31 . Determine the ending inventory total by applying the lower of cost or net realizable value rule to: a. Each model of inventory (Hint: perform 6 comparisons) =$ b. Each major category of inventory (Hint: Perform 2 comparisons--one for Calculators and one for MP3 Players )=$ c. Total inventory (Hint: Perform 1 comparison) =$ In other words, for (a.) apply lower of cost or net realizable value rule to each model, then sum the total. For (b.), compute the total cost and total NRV for each category, apply the rule to the total for each category (calculators and mp3 players) then sum the results from each category to get the tota For (c.), compute the total cost of inventory and total NRV then apply the rule to total inventory in one step. Note: Round to the nearest dollar. Input your answer without any "\$" or "". For example, if the answer is $5,600.03, enter 5600 . If the answer is $73,548.70, enter 73549
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