Bramble Company applied FIFO toits inventory and got the following results for its ending inventory. Cameras 130 units at a cost per unit of $65 Blu-ray players 175 units at a cost per unit of $72 IPods 125 units at a cost per unit of $85 The net realizablevalue at year-end was cameras $70, Blu-ray players S67, and iPods $77. Determine the amount of ending inventory at lower-of-cost-or-net realizable value Ending inventory 32325

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter10: Inventory
Section: Chapter Questions
Problem 2TP: Assume your company uses the periodic inventory costing method, and the inventory count left out an...
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Bramble Company applied FIFO toits inventory and got the following results for its ending inventory.
Cameras
130 units at a cost per unit of $65
Blu-ray players
175 units at a cost per unit of $72.
IPods
125 units at a cost per unit of $85
The net realizable value at year-end was cameras $70. Blu-ray players S67, andiPods $77.
Determine the amount of ending inventory at lower-of-cost-or-net realizablevalue
Endinginventory
32325
Transcribed Image Text:Bramble Company applied FIFO toits inventory and got the following results for its ending inventory. Cameras 130 units at a cost per unit of $65 Blu-ray players 175 units at a cost per unit of $72. IPods 125 units at a cost per unit of $85 The net realizable value at year-end was cameras $70. Blu-ray players S67, andiPods $77. Determine the amount of ending inventory at lower-of-cost-or-net realizablevalue Endinginventory 32325
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