How much is ending inventory, Financial Accounting

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How much is ending inventory

Problem

Gottfried Shirts Emporium's ending inventory consisted of the following items and costs:

Item Size Quantity Unit     Cost Unit       NRV
Small                        50                 $130           $138
Medium                    75                 $185           $183
Large                       60                 $162           $168
Extra-Large             30                  $200           $193

How much is ending inventory if the lower of cost or net realizable value rule is applied to the total inventory?

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Financial Accounting: How much is ending inventory

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Financial Accounting: How much is ending inventory

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