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Determine the amount of ending inventory

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Question - Tamarisk, Inc. applied FIFO to its inventory and got the following results for its ending inventory.

Cameras 112 units at a cost per unit of $63

Blu-ray players 153 units at a cost per unit of $79

iPods 136 units at a cost per unit of $86

The net realizable value of each of these products at year-end was cameras $83, Blu-ray players $51, and iPods $73.

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

Reference no: EM133076272

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