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Calculate total amount to be reported for ending inventory

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Question - Creative Technology reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory.

Inventory

Quantity

Unit Cost

NRV

Optima cameras

100

$50

$80

Inspire speakers

40

60

58

Required - Calculate the total amount to be reported for ending inventory.

Reference no: EM133062794

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