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Determine the amount of ending inventory

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Reference no: EM132096311

Question - Fenton Company applied FIFO toits inventory and got the following results for its ending inventory.

Cameras

100

units at a cost per unit of

$68

DVD players

150

units at a cost per unit of

$75

iPods

125

units at a cost per unit of

$80

The cost of purchasing units at year-end was cameras $70, DVD players $69, and iPods $78.

Determine the amount of ending inventory at lower-of-cost-or-market.

Reference no: EM132096311

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