Question Solved1 Answer Exercise 6-13 Concord Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 140 units at a cost per unit of $62 Blu-ray players 155 units at a cost per unit of $70 iPods 120 units at a cost per unit of $81 The net realizable value at year-end was cameras 570, Blu-ray players $68, and iPods $76. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory $ Click if you would like to Show Work for this question: Open Show Work

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Transcribed Image Text: Exercise 6-13 Concord Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 140 units at a cost per unit of $62 Blu-ray players 155 units at a cost per unit of $70 iPods 120 units at a cost per unit of $81 The net realizable value at year-end was cameras 570, Blu-ray players $68, and iPods $76. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory $ Click if you would like to Show Work for this question: Open Show Work
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Transcribed Image Text: Exercise 6-13 Concord Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 140 units at a cost per unit of $62 Blu-ray players 155 units at a cost per unit of $70 iPods 120 units at a cost per unit of $81 The net realizable value at year-end was cameras 570, Blu-ray players $68, and iPods $76. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory $ Click if you would like to Show Work for this question: Open Show Work
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