Nelson Corporation sells three different products. The following information is available on December 31:
When applying the lower of cost or net realizable value rule to each item, what will Nelson report as its cost of ending inventory on December 31?
A) $2,300
B) $2,200
C) $2,650
D) $2,000

Question

Nelson Corporation sells three different products. The following information is available on December 31:
 When applying the lower of cost or net realizable value rule to each item, what will Nelson report as its cost of ending inventory on December 31?
A) $2,300 
B) $2,200 
C) $2,650 
D) $2,000

Quizplus · Accepted Answer

The Answer of Nelson Corporation sells three different products. The following information is available on December 31:
 When applying the lower of cost or net realizable value rule to each item, what will Nelson report as its cost of ending inventory on December 31?
A) $2,300 
B) $2,200 
C) $2,650 
D) $2,000

Nelson Corporation Sells Three Different Products