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Find the total replacement cost for the inventory

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Question - Smart Electronics Corp is revaluing its inventory to sell. Find the total value of the inventory according to its current Replacement Cost:

 

Cost

Market

Flip Phones

$127,520

$55,720

Smart Phones     

$245,000

$252,000

VHS Tapes     

$48,000

$25,000

Laser Disks    

$105,000

$12,750

Blu-ray Disks

$150,270

$157,000

Required - Find the Total Replacement Cost for the Inventory based upon the Lower-of-cost-or-market.

Reference no: EM133157085

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