Find the amount of ending inventory at lower-of-cost

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Oriole Company applied FIFO to its inventory and got the following results for its ending invent

Cameras 105 units at a cost per unit of $61

Blu-ray players 170. units at a cost per unit of $73

iPods. 130 units at a cost per unit of $82

Problem 1: The net realizable value at year-end was cameras $75, Blu-ray players $66, and iPods $78. Determine the amount of ending inventory at lower-of-cost-or-net realizable value.

Reference no: EM132689468

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