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Determine the amount of ending inventory

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

Cameras

11 5units at a cost per unit of $65 Blu-ray players

190 units at a cost per unit of $71 iPods

135 units at a cost per unit of $85

The net realizable value at year-end was cameras $72, Blu-ray players $68, and iPods $77.

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

Reference no: EM133037643

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