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At what value will the ending inventory be reported

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Question - The Rollins Corporation has 5 items in inventory at the end of 20x3. The number of units in ending inventory, the year-end costs (using FIFO), current unit selling prices, and estimated costs to sell each of the items is as follows:

Item Units Cost/unit Selling Price/unit

A 600 $50 $100

B 70 100 120

C 180 80 85

D 165 90 100

E 125 95 110

At what value will the ending inventory be reported at on the Statement of Financial Position?

Reference no: EM131996342

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