The Following Information Is Available About the Inventory of Read's

question 54

Essay

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?

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