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(Solved): Whispering Winds Corp. Uses The Lower-of-cost-or-net Realizable Value Basis For Its Inventory. The F ...

Whispering Winds Corp. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Units Unit Cost Net Realizable Value Item Cameras Minolta Canon Light meters: Vivitar Kodak $174 141 $165 190 138 125 107 135 Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis. The ending inventory $

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The ending inventory = $ 6,292 Explanation Calculation of the ending balance of Inventory Product Cost/Unit Market Value/Unit Lower of Market& Cost Minolta $ 174.00 $

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(Solved): Whispering Winds Corp. Uses The Lower-of-cost-or-net Realizable Value Basis For Its Inventory. The F ...

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