York Company sells one product, which it purchases from various suppliers. York's trial balance at December 31, 2024, included the Following accounts: Sales (33,000 units @ $16) Sales discounts Purchases Purchase discounts Freight-in Freight-out York Company's inventory purchases during 2024 were as follows: Beginning inventory Purchases, quarter ended March 31 Purchases, quarter ended June 30 Purchases, quarter ended September 30 Purchases, quarter ended December 31 $ 528,000 7,500 380,600 18,000 5,000 11,000 Additional Information: Units 7,000 13,000 15,000 12,000 8,000 55,000 Cost per Unit $ 7.70 7.50 7.90 8.25 8.20 Total Cost $ 53,900 97,500 118,500 99,000 65,600 $ 434,500 a. York's accounting policy is to report inventory in its financial statements at the lower of cost or net realizable value, applied to total inventory. Cost is determined under the first-in, first-out (FIFO) method. b. York has determined that, at December 31, 2024, the net realizable value was $8.00 per unit. Required: 1a. Prepare York's schedule of cost of goods sold. York includes inventory write-down losses in cost of goodshold. 1b. Prepare York's schedule of ending inventory. 2. Determine whether inventory should be reported at cost or net realizable value.

Prepare York's schedule of ending inventory. Note: Round "Cost per unit" to 2 decimal places. York Company sells one product, which it purchases from various suppliers York's trial balance at December 31, 2024, induded the ollowing accounts: York Company's inventory purchases during 2024 were as follows: Additional information: a York's accounting policy is to report inventory in its financial statements at the lower of cost or net realizable value, applied to total inventory Cost is determined under the first in, first out (FiFO) method. b York has determined that, at December 31,2024 , the net realizable value was $800 per unit Required: 1a. Prepare York's schedule of cost of goods sold York includes inventory wtite-down losses in cost of goods.Jold. 16. Prepare York's schedule of ending irventory 2. Determine whether inventory should be reported at cost or net realizable value: York Company's inventory purchases during 2024 were as follows: Additional Information: a. York's accounting policy is to report inventory in its financial statements at the lower of cost or ne total inventory. Cost is determined under the first-in, first-out (FIFO) method. b. York has determined that, at December 31,2024 , the net realizable value was $8.00 per unit Required: 10. Prepare York's schedule of cost of goods sold. York includes inventory write-down losses in cost of 1b. Prepare York's schedule of ending inventory. 2. Determine whether inventory should be reported at cost or net realizable value Complete this question by entering your answers in the tabs below. Determine whether inventory should be reported at cost or net realizable value. Inventory should be reported in the financial statements at