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Wildhorse Co. sells six different products. The following information is available on December 31: Inventory item Units Cost per unit Net Realizable Value per unit
Wildhorse Co. sells six different products. The following information is available on December 31:
Inventory item Units Cost per unit Net Realizable Value per unit Estimated selling price Tin 65 $540 $545 $555 Titanium 20 5400 5350 5510 Stainless steel 85 2160 2060 2140 Aluminum 85 380 310 315 Iron 45 430 440 460 Fiberglass 45 320 320 320
When applying the lower-of-cost-or-net-realizable-value rule to each item, what will Wildhorse total ending inventory balance be?
$392750 $378075 $377700 $377300
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