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Vaughn Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras110 units at a cost per unit of $63Blu-ray

Vaughn Company applied FIFO to its inventory and got the following results for its ending inventory.

Cameras110 units at a cost per unit of $63Blu-ray players

150units at a cost per unit of$73iPods135units at a cost per unit of$84

The net realizable value at year-end was cameras $70, Blu-ray players $65, and iPods $77.

Determine the amount of ending inventory at lower-of-cost-or-net realizable value.

Ending inventory

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