Skysong Import has one of the largest selection of imported food products from Europe. Some...
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Skysong Import has one of the largest selection of imported food products from Europe. Some of the food products are nearing the "best before date" and as such the wholesale price that Skysong charges its distributors will have to be reduced to move the merchandise. Skysong reported the following cost and net realizable value for inventory at December : Olive Varieties Calculate the total ending inventory balance for pasta brands and olive varieties using cost and the lower of cost or net realizable value for each item. Product Item Pasta Brand: Decicco Bari Rustichella Olive Varieties: Liguria Gaeta Kalamatas Total Total cost Lower of Cost or NRV Lower of Cost or NRV $ $ 
Skysong Import has one of the largest selection of imported food products from Europe. Some of the food products are
nearing the "best before date" and as such the wholesale price that Skysong charges its distributors will have to be
reduced to move the merchandise. Skysong reported the following cost and net realizable value for inventory at
December :
Olive Varieties
Calculate the total ending inventory balance for pasta brands and olive varieties using cost and the lower of cost or
net realizable value for each item.
Product Item
Pasta Brand:
Decicco
Bari
Rustichella
Olive Varieties:
Liguria
Gaeta
Kalamatas
Total
Total cost
Lower of Cost or NRV
Lower of Cost or NRV
$
$
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