y has the following inventory: of Units Cost Selling Price Disposal Costs Profit Margin Replacement Cost 450 $5 $14 $1 $6 $8 300 $16 $35 $2 $18 $14 750 $7 $8 $2 $4 $5 520 $14 $32 $2 $15 $12 ice, Disposal Costs, Profit Margin, and Replacement Cost are sis. Oaken uses lower-of-cost-or-market for inventory and nent. What is the ending balance of inventory reported on cording impairment loss (if any). Assume that Oaken Clothing ing approaches. bach $18,540 entory approach $19,580 Oaken Clothing Company has the following inventory: # of Units Cost Selling Price Disposal Costs Profit Mai T-shirts - Men 450 $5 $14 $1 $6 Jeans - Men 300 $16 $35 $2 $18 T-shirts - Women 750 $7 $8 $2 $4 Jeans - Women 520 $14 $32 $2 $15 Note that Cost, Selling Price, Disposal Costs, Profit Margin, and Replacement Cost are all given on a per unit basis. Oaken uses lower-of-cost-or-market for inventory and tests if there is an impairment. What is the ending balance of inventory reported on the balance sheet after recording impairment loss (if any). Assume that Oaken Clothing uses LIFO and the following approaches. (a) Group-by-group approach $18,540 (b) Total or aggregate inventory approach $19,580 y has the following inventory: of Units Cost Selling Price Disposal Costs Profit Margin Replacement Cost 450 $5 $14 $1 $6 $8 300 $16 $35 $2 $18 $14 750 $7 $8 $2 $4 $5 520 $14 $32 $2 $15 $12 ice, Disposal Costs, Profit Margin, and Replacement Cost are sis. Oaken uses lower-of-cost-or-market for inventory and nent. What is the ending balance of inventory reported on cording impairment loss (if any). Assume that Oaken Clothing ing approaches. bach $18,540 entory approach $19,580 Oaken Clothing Company has the following inventory: # of Units Cost Selling Price Disposal Costs Profit Mai T-shirts - Men 450 $5 $14 $1 $6 Jeans - Men 300 $16 $35 $2 $18 T-shirts - Women 750 $7 $8 $2 $4 Jeans - Women 520 $14 $32 $2 $15 Note that Cost, Selling Price, Disposal Costs, Profit Margin, and Replacement Cost are all given on a per unit basis. Oaken uses lower-of-cost-or-market for inventory and tests if there is an impairment. What is the ending balance of inventory reported on the balance sheet after recording impairment loss (if any). Assume that Oaken Clothing uses LIFO and the following approaches. (a) Group-by-group approach $18,540 (b) Total or aggregate inventory approach $19,580