Mathematics, 17.05.2021 07:00 glowbaby123
Crane Frame Camera Shop 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
Market Value
Cameras:
Minolta
12 $162 $153
Canon
7 154 156
Light meters:
Vivitar
14 123 112
Kodak
15 120 135
Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.
The ending inventory
$Enter the ending inventory in dollars
Answers: 2
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Crane Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The...
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