Brief Exercise 6-14 Calculate ending inventory using lower of cost and net realizable value (LO6-6)...
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Brief Exercise 6-14 Calculate ending inventory using lower of cost and net realizable value (LO6-6) Powder Ski Shop reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory. Inventory Ski jackets Skis Quantity 20 25 Unit Cost $124 390 NRV $104 440 Calculate the total amount to be reported for ending inventory. Inventory Quantity Lower of Cost and NRV per unit Ending Inventory Ski jackets Skis
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