A company reported the following data related to its ending inventory:
Product Units Available Cost NRV
849 100 $10 $11
842 75 16 14
847 60 14 13
860 40 16 20
Calculate the lower of cost and net realizable value on the inventory applied separately to each product.

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The Answer of A company reported the following data related to its ending inventory:
Product Units Available Cost NRV
849 100 $10 $11
842 75 16 14
847 60 14 13
860 40 16 20
Calculate the lower of cost and net realizable value on the inventory applied separately to each product.

A Company Reported the Following Data Related to Its Ending