The following information is available about the inventory of Read's Ski House at the company's year end, December 31: 
Instructions
a. Calculate the total cost of the ending inventory at December 31.
b. Calculate the total net realizable value of the ending inventory at December 31.
c. What amount would be reported on Read's December 31 balance sheet?
Definitions:
Neuron
A cell specialized in the transmission of nerve impulses, commonly called a nerve cell.
Dendrite
The branched extensions of a neuron that receive impulses and conduct them towards the cell body.
Axon
A long, slender projection of a nerve cell that typically conducts electrical impulses away from the neuron's cell body.
Endorphins
Naturally occurring peptides in the brain that act as neurotransmitters to reduce pain sensation and produce feelings of euphoria.
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