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Lower-of-Cost-or-Net Realizable Value Method The following data are taken from the Simpson Corporation's inventory accounts:...

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Accounting

Lower-of-Cost-or-Net Realizable Value Method The following data are taken from the Simpson Corporation's inventory accounts: Item Code Quantity Unit Cost Net Realizable Value Product 1 ZKE 170 $92 $90 ZKF 370 103 104 Product 2 MNJ 470 92 89 MNS 270 103 107 Calculate the value of the companys ending inventory using the lower-of-cost-or-net realizable method applied to each item of inventory. Applying the lower-of-cost-or-net realizable value method to each item of the inventory results in an ending inventory amount of $Answer

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