Compute the December 31, 2018, Inventory Balance Using the Lower

question 96

Multiple Choice

Compute the December 31, 2018, inventory balance using the lower of cost or net realizable value method under the temporal method.

• A) $321,000.
• B) $457,600.
• C) $596,400.
• D) $454,400.
• E) $419,000.