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T2T Hockey Inc. has the largest selection of hockey equipment of any retailer in the...

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Accounting

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T2T Hockey Inc. has the largest selection of hockey equipment of any retailer in the city in which it operates. T2T reported the following cost and net realizable value information for inventory at December 31: Item Units Unit Cost Unit NRV Hockey sticks: Bauer 24 $101 $202 CCM 13 $190 $144 Warrior 58 $25B $250 Helmets: Adidas 10 $184 $119 Nike 9 $180 $180 Mission 26 $73 $199 Calculate the ending inventory balance for hockey sticks and helmets using the lower of cost and net realizable value for each item. Item Ending Inventory ($) Hockey sticks: Bauer $ CCM $ Warrior $ Helmets Adidas $ Nike $ Mission $ Total $ Calculate the ending inventory balance for hockey sticks and helmets using the historical unit costs provided. Item Ending Inventory ($) Hockey sticks Bauer $ CCM $ Warrior S Helmets Adidas un Nike $ Mission $ Total $

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