Using the information below for Morrie Majors Sports store, calculate the amount of inventory adjustment using the lower-of-cost-or-net realizable value method applied to the inventory on a major category basis:

	# of Units	Cost/Unit	NRV/Unit
Football items:
Helmets	20	$120	$100
Cleats	10	$200	$ 80
Pads	30	$ 80	$100
Baseball items:
Gloves	40	$ 40	$ 60
Jerseys	50	$160	$100

Select one:

A. $3,200

B. $11,100

C. $(3,200)

D. $(1,800)

PreviousSave AnswersNext