Homework Answers
Answer:
Correct option is $242000.
Explanation:
Computation of cost of ending inventory as per lower of cost or net realisable value:
Cost of ending inventory:
Wall units lower of cost or net realisable value i.e. $190 = 800 units x $190 = $152000
Chairs , lower of cost or net realisable value i.e. $150 = 200 units x $150 = $30000
Tables , lower of cost or net realisable value i.e. $150 = 400 units x $150 = $60000
Total cost of ending inventory = $152000 + $30000 + $60000 = $242000.
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