The following data refer to Issue Company's ending inventory:
How much is the inventory if the lower of cost or net realizable value rule is applied to each item of inventory?
A) $63,160
B) $60,940
C) $66,360
D) None of the above

Question

The following data refer to Issue Company's ending inventory:
 How much is the inventory if the lower of cost or net realizable value rule is applied to each item of inventory?
A) $63,160 
B) $60,940 
C) $66,360 
D) None of the above

Quizplus · Accepted Answer

The Answer of The following data refer to Issue Company's ending inventory:
 How much is the inventory if the lower of cost or net realizable value rule is applied to each item of inventory?
A) $63,160 
B) $60,940 
C) $66,360 
D) None of the above

The Following Data Refer to Issue Company's Ending Inventory