Solution-Determine the amount of the ending inventory

Determine the amount of the ending inventory

Reference no: EM132739373

Problem - Swifty Corporation uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31.

Item	Units	Unit Cost	Net Realizable Value
Cameras:
Minolta	8	$174	$160
Canon	12	149	183
Light meters:
Vivitar	13	135	115
Kodak	19	125	134

Required - Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

Reference no: EM132739373

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Determine the amount of the ending inventory

Reference no: EM132739373

Reference no: EM132739373

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