I need help figuring out how to find the ending inventory using the lower-of-cost-or-market method:
Homework Answers
In the given question, we have to calculate ending inventory by lower of cost or market value
So ending inventory
= (ZKE Units × Net realisable value) + (ZKF Units × cost) + ( MNJ Units × Net Realisable Value) + ( MNS × Cost)
= (150×70)+(350×83)+(450×69)+(250×83)
= $ 91350
Thus the correct answer is $ 91350
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I need help figuring out how to find the ending inventory using
the lower-of-cost-or-market method:
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