At Year-End, Dana Corporation Has 2,000 Units of Lolland, 2,000

question 70

Multiple Choice

At year-end, Dana Corporation has 2,000 units of Lolland, 2,000 units of Falster, and 3,000 units of Jultand in its ending inventory.Specific data with respect to each product follows: $\begin{array}{lrrr}&\text { Lolland }&\text { Falster } & \text { Jutland }\\\text { Historical cost } & € 55 & € 70 & € 98 \\\text { Net realizable value } & 48 & 77 & 94\end{array}$
What amount will Dana report for ending inventory using lower-of-cost-or-net realizable value?

• A) \( € 518,000 \).
• B) \( € 528,000 \).
• C) \( € 544,000 \).
• D) \( € 558,000 \).

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