Whispering Winds Camera Shop Inc. 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 3 $174 $165 Canon 12 141 190 Light meters: Vivitar 15 138 107 Kodak 20 125 135 What amount should be reported for inventory on Whispering Winds Camera Shop’s balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied?

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?