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Trillium Import has one of the largest selection of imported food products from Europe. Some of the food products are nearing the best before
Trillium Import has one of the largest selection of imported food products from Europe. Some of the food products are nearing the "best before date and as such the wholesale price that Trillium charges its distributors will have to be reduced to move the merchandise. Trillium reported the following cost and net realizable value for inventory at December 31: Product Item Units Unit Cost NRV Pasta Brand Decicco 72 $110 $95 Bari 71 $89 5122 Rustichella 60 $90 $99 Olive Varieties Liguria 97 $201 $260 Gaeta 136 $135 $135 Kalamatas 65 $95 590 (a) 13 Calculate the total ending inventory balance for pasta brands and olive varieties using cost and the lower of cost or net realizable value for each item. Pasta Brand Decicco Bari Rustichella Olive Varieties Liguria Gaeta S Kalamatas Total S Total cost eTextbook and Media List of Accounts S Lower of cost or NRV
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