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Weldon Animal Feeds has developed the following data for lower of cost and net realizable valuation for its products (in thousands):
The costs to sell are 20% of selling price.
-Required: Determine the reported inventory value assuming the lower of cost and net realizable value rule is applied to individual types of feeds.

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Weldon Animal Feeds has developed the following data for lower of cost and net realizable valuation for its products (in thousands):
  The costs to sell are 20% of selling price.
-Required: Determine the reported inventory value assuming the lower of cost and net realizable value rule is applied to individual types of feeds.

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Weldon Animal Feeds has developed the following data for lower of cost and net realizable valuation for its products (in thousands):
  The costs to sell are 20% of selling price.
-Required: Determine the reported inventory value assuming the lower of cost and net realizable value rule is applied to individual types of feeds.

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