Bramble Corp. applied FIFO to its inventory and got the following results for its ending...
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Bramble Corp. applied FIFO to its inventory and got the following results for its ending inventory.
Cameras 108 units at a cost per unit of $68 Blu-ray players 175 units at a cost per unit of $81 iPods 143 units at a cost per unit of $88 The net realizable value of each of these products at year-end was cameras $84, Blu-ray players $57, and iPods $71. Determine the amount of ending inventory at lower-of-cost-or-net realizable value.
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