Boyer Company applied FIFO to its inventory and got the following results for its ending inventory. 
The cost of purchasing units at year-end was VCRs $71, DVD players $72, and iPods $78.
Instructions
Determine the amount of ending inventory at lower-of-cost-or-net realizable value.
Definitions:
Induction
Ability of a chemical or a tissue to influence the development of another tissue.
Membrane Depolarizes
The process by which a cell membrane's voltage becomes less negative, leading to the possible firing of an action potential in neurons.
Sperm
Male gamete having a haploid number of chromosomes and the ability to fertilize an egg, the female gamete.
Egg
Also called an ovum; haploid cell that is usually fertilized by a sperm to form a diploid zygote.
Q5: If errors occur in the recording process,
Q7: A voucher system is a series of
Q20: On April 30, the bank reconciliation of
Q58: A credit balance in Cash Over and
Q129: Checks from customers who pay their accounts
Q151: At May 1, 2014, Deitrich Company had
Q157: Aiwa Inc. uses the average-cost inventory method.
Q201: For efficiency of operations and better control
Q201: The major difference between the statement of
Q202: If a petty cash fund is established