Answer :
Answer:
$365,000
Explanation:
The computation of the inventory reported on the balance sheet is shown below:
Product Cost NRV Lower cost
A $115,000 $125,000 $115,000
B $95,000 $75,000 $75,000
C $175,000 $180,000 $175,000
Total $365,000
Answer:
$365,000
Explanation:
The computation of the inventory reported on the balance sheet is shown below:
Product Cost NRV Lower cost
A $115,000 $125,000 $115,000
B $95,000 $75,000 $75,000
C $175,000 $180,000 $175,000
Total $365,000