Solution-Determine the amount of the ending inventory

Determine the amount of the ending inventory

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Reference no: EM132461094

Problem - Marigold Corp. 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	Net Realizable Value
Cameras:
Minolta	5	$179	$159
Canon	12	145	172
Light meters:
Vivitar	14	132	101
Kodak	17	123	128

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

Reference no: EM132461094

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Determine the amount of the ending inventory

Reference no: EM132461094

Reference no: EM132461094

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