Homework Answers
| Inventory | Quantity | Cost per unit | NRV per unit | Lower of cost or NRV | Ending inventory ( Quantity x Lower of cost or NRV) |
| Ski jackets | 20 | 170 | 150 | 150 | 3,000 |
| Skis | 26 | 290 | 220 | 220 | 5,720 |
| Total | $8,720 |
Ending inventory = $8,720
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