You have been using the FIFO method for inventory valuation. What amount do you have to write down the inventory at year end? FIFO or NRV? Write-Down amount Selling Costs to sell NRV Inventory A Inventory B Inventory C Inventory D Inventory E FIFO Cost 33,112 24,560 211,455 386,000 10,115 38,900 25,600 239,800 413,111 15,440 5,600 3,450 29,890 32,100 3,560

8 You have been using the FIFO method for inventory valuation. What amount do you have to write down the inventory at vear end? Fifo cost. Inventory A Selling Inventory B Inventory C inventory D 33,112 38,900 Costs to sell NRV FIFO or NRV? Write-Dowi amoont inventory E 24,560 25,600 5,600 239,800 3,450 211,455 29,890 386,000 413,111 32,100 10,115 is, 440 3,560