Calculate the amount to be reported for ending inventory

Reference no: EM131520932

Question: 1. Powder Ski Shop reports inventory using lower-of-cost-or-market. Below is information related to its year-end inventory. Calculate the amount to be reported for ending inventory.

2. Creative Technology reports inventory using lower-of-cost-or-market. Below is information related to its year-end inventory. Calculate the amount to be reported for ending inventory.

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Reference no: EM131520932

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