Solution-Compute the value of the ending inventory

Compute the value of the ending inventory

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Reference no: EM132441492

Question - The controller of Greene Yard Company is applying the lower-of-cost-or-net realizable basis of valuing its ending inventory. The following information is available:

	Cost	Market Value
Lawnmowers:
Self-propelled	$16,800	$17,000
Push type	19,500	18,000
Total	36,300	35,000
Snowblowers:
Manual	29,800	30,000
Self-start	19,700	21,000
Total	49,500	51,000
Total inventory	$85,800	$86,000

Required - Compute the value of the ending inventory by applying the lower-of-cost-or-net realizable basis.

Reference no: EM132441492

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Compute the value of the ending inventory

Reference no: EM132441492

Reference no: EM132441492

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