The controller of Alt Company is applying the lower-of-cost-or-net realizable value basis of valuing its ending inventory. The following information is available: 
Instructions
Compute the value of the ending inventory by applying the lower-of-cost-or-net realizable value basis.
Definitions:
Onset
The beginning or start of something, often used in a medical context to describe the initiation of symptoms or a disease process.
Males
Individuals of the sex that produces small, mobile gametes (sperm) for reproduction and is typically characterized by certain physical features distinct from females.
Females
Refers to the sex of an organism or human being that produces non-motile ova (egg cells) and can typically bear offspring or produce milk for its young.
False Beliefs
Convictions or understandings that are not aligned with the actual state of affairs or reality.
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