Campbell Corporation sells three different products. The following information is available on December 31: Inventory Item Product A Product B Product C Units $1,450 $1,650 $1,700 $1,900 100 250 75 Cost per unit Net realizable value per unit $1.50 $5.00 $4.00 $2.00 $4.00 $6.00 When applying the lower of cost or net realizable value rule to each item, what will be Campbell's total ending inventory balance?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Campbell Corporation sells three different products. The following information is
available on December 31:
Inventory tem
Product A
Product B
Product C
Units
$1,450
$1,650
$1,700
$1,900
100
250
75
Cost per unit Net realizable value
per unit
$1.50
$5.00
$4.00
$2.00
$4.00
$6.00
When applying the lower of cost or net realizable value rule to each item, what will
be Campbell's total ending inventory balance?
Transcribed Image Text:Campbell Corporation sells three different products. The following information is available on December 31: Inventory tem Product A Product B Product C Units $1,450 $1,650 $1,700 $1,900 100 250 75 Cost per unit Net realizable value per unit $1.50 $5.00 $4.00 $2.00 $4.00 $6.00 When applying the lower of cost or net realizable value rule to each item, what will be Campbell's total ending inventory balance?
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