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What is the amount of ending inventory

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Question - Sheffield Company applied FIFO to its inventory and got the following results for its ending inventory.

Cameras 105units at a cost per unit of $60

Blu-ray players 155units at a cost per unit of $71

iPods 130units at a cost per unit of $81

The net realizable value at year-end was cameras $74, Blu-ray players $66, and iPods $76.

What is the amount of ending inventory at lower-of-cost-or-net realizable value?

Reference no: EM132751471

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