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Determine the amount of ending inventory

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Reference no: EM132975057

Problem - Concord Company applied FIFO to its inventory and got the following results for its ending inventory.

Cameras 140 units at a cost per unit of $62

Blu-ray players 155 units at a cost per unit of $70

iPods 120 units at a cost per unit of $81

The net realizable value at year-end was cameras $70, Blu-ray players $68, and ipods $76. Determine the amount of ending inventory at lower-of-cost-or-net realizable value.

Reference no: EM132975057

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