The controller of Scheller 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:
Multitasking
The ability to handle more than one task simultaneously.
IM
Instant Messaging (IM) is a form of communication over the internet that allows two or more people to exchange text messages in real-time.
Deferential
Showing respect and submission to the opinions, wishes, or judgment of others, often in a way that indicates respect for their authority or seniority.
Interpersonal Conflict
A disagreement or conflict between individuals due to differences in opinions, values, or needs.
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