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Basic inventory data for Grau Company as of June 30 are presented below: Item Sporting...

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Accounting

Basic inventory data for Grau Company as of June 30 are presented below: Item Sporting Goods: Baseballs Footballs Basketballs Electronics: CD Players DVD Players Quantity Unit Cost 20 40 10 20 30 $72 $220 $80 $328 $232 Unit NRV $ 64 $232 $100 $300 $220 Assume Grau Company applies the lower-of-cost-or-net realizable value method for the inventory by major category. Determine the amount of inventory adjustment required at the end of the year.
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Basic inventory data for Grau Company as of June 30 are presented below: Assume Grau Company applies the lower-of-cost-or-net realizable value method for the inventory by major category Determine the amount of inventory adjustment required at the end of the year

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