Determine the amount of ending inventory

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Question - Vaughn Company applied FIFO to its inventory and got the following results for its ending inventory.

Cameras 110 units at a cost per unit of $63 Blu-ray players 150 units at a cost per unit of $73 iPods 135 units at a cost per unit of $84

The net realizable value at year-end was cameras $70, Blu-ray players $65, and iPods $77.

Determine the amount of ending inventory at lower-of-cost-or-net realizable value.

Reference no: EM132216674

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