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Determine the amount of ending inventory

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Problem - Oriole Company applied FIFO to its inventory and got the following results for its ending inventory.

Cameras 112 units at a cost per unit of $68

Blu-ray players 167 units at a cost per unit of $82

iPods 139 units at a cost per unit of $90

The net realizable value of each of these products at year-end was cameras $77, Blu-ray players $54, and ipods $72.

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

Reference no: EM132736366

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