Using the Information Below,determine the Ending Inventory Value Applying the Lower

question 165

Multiple Choice

Using the information below,determine the ending inventory value applying the lower of cost and net realizable value. $$\begin{array} { | l | c | r | r | } \hline \text { Inventory Item } & \text { Quantity } & \text { Cost } & \begin{array} { r } \text { Net Realizable } \\\text { Value }\end{array} \\\hline \text { Cutlets } & 200 & \$ 12 & \$ 14 \\\hline \text { Chops } & 400 & \$ 16 & \$ 14 \\\hline \text { Shanks } & 300 & \$ 15 & \$ 12 \\\hline\end{array}$$

• A)$13,300.
• B)$12,000.
• C)$11,600.

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