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Windsor Footwear applied FIFO to its inventory and got the following results for its ending inventory. Tennis shoes 102 units at a cost per
Windsor Footwear applied FIFO to its inventory and got the following results for its ending inventory. Tennis shoes 102 units at a cost per unit of 68 Running shoes 152 units at a cost per unit of 79 Basketball shoes 123 units at a cost per unit of 88 The net realizable value per unit at year-end was Tennis shoes 76, Running shoes 55, and Basketball shoes 75. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. The ending inventory
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