Question - The Rollins Corporation has 5 items in inventory at the end of 20x3. The number of units in ending inventory, the year-end costs (using FIFO), current unit selling prices, and estimated costs to sell each of the items is as follows:
Item Units Cost/unit Selling Price/unit
A 600 $50 $100
B 70 100 120
C 180 80 85
D 165 90 100
E 125 95 110
At what value will the ending inventory be reported at on the Statement of Financial Position?