Solution-Calculate monty inventory at the lower of cost

Calculate monty inventory at the lower of cost

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Reference no: EM133061381

Question - Monty Corporation sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31, 2021:

Coffee Bean	Units	Unit Cost	Net Realizable Value
Coffee arabica	11,800 bags	$5.60	$5.55
Coffea robusta	6,300 bags	3.40	3.50

Required - Calculate Monty's inventory at the lower of cost and net realizable value.

Reference no: EM133061381

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Calculate monty inventory at the lower of cost

Reference no: EM133061381

Reference no: EM133061381

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