WileyPLUs actice Gradebook ORION Downloadable eTextbook Exer

WileyPLUs actice Gradebook ORION Downloadable eTextbook Exercise 6-12 Oriole Company uses the lower-of cost-or-net realizable value basls for its inventory. The following data are available at December 31 Net Realizable Value Unit Cost Units 3 $178 143 $163 189 Hinoita 10 Light meters 14 20 Vivitar 32 Kodak Determine the amount of the ending inventory by applying the lower-of cost-or-net realizable value basis The ending inventorys Click it you would like to show Work for this question: sho to Show Work for this question 0, 5 used n-ars\" s Question Attempts:

Solution

Per unit Cost Net realizable value Ending inventory Cameras Minolita 178 163 163 Canon 143 189 143 Light meters Vivitar 132 109 109 Kodak 118 133 118 Ending inventory Units Per unit Amount Cameras Minolita 3 163 489 Canon 10 143 1430 Light meters Vivitar 14 109 1526 Kodak 20 118 2360 Total 5805