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Calculate the year end adjustment to inventory

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Reference no: EM132887517

Problem 1: Coronado Company sells two types of inventory, MP3 players and Blu Ray players. The MP3 players originally cost $2,250 and have a net realizable value $1,075 while the Blu Ray players had an original cost of $500 and have a net realizable value of $700. Calculate the year end adjustment to inventory when applying the lower of cost and net realizable value on an item by item basis.

A. $375.

B. $1,175.

C. $1,112.

D. $1,575.

E. $2,950.

Reference no: EM132887517

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