Iris Company has provided the following information regarding two of its items of inventory at...
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Accounting
Iris Company has provided the following information regarding two of its items of inventory at year-end: - There are 145 units of Item A, having a cost of $29 per unit, a selling price of $33 and a cost to sell of $6 per unit. - There are 95 units of Item B, having a cost of $59 per unit, a selling price of $65 and a cost to sell of $4 per unit. How much is the ending inventory using lower of cost or net realizable value? Multiple Choice $10,285 $9,810. $9,520 $9,995
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