Nelson Corporation sells three different products.The following information is available on December 31: After applying the lower-of-cost-or-net-realizable-value rule to each item, what will Nelson's total ending inventory balance be?
A)$6,900
B)$6,450
C)$7,950
D)$6,600

Question

Nelson Corporation sells three different products.The following information is available on December 31:  After applying the lower-of-cost-or-net-realizable-value rule to each item, what will Nelson's total ending inventory balance be?
A)$6,900 
B)$6,450 
C)$7,950 
D)$6,600

Quizplus · Accepted Answer

The Answer of Nelson Corporation sells three different products.The following information is available on December 31:  After applying the lower-of-cost-or-net-realizable-value rule to each item, what will Nelson's total ending inventory balance be?
A)$6,900 
B)$6,450 
C)$7,950 
D)$6,600

Nelson Corporation Sells Three Different Products