Consider the following information pertaining to a company's inventory: Product Quantity Cost Net Realizable Value Revolvers 15 $ 128 $ 155 Spurs 28 27 22 Hats 11 58 48 At what amount should the company report its inventory? Multiple Choice $3,156 $3,469 $3,064 $3,314

Consider the following information pertaining to a company's inventory: Product Quantity Cost Net Realizable Value Revolvers 15 $ 128 $ 155 Spurs 28 27 22 Hats 11 58 48 At what amount should the company report its inventory? Multiple Choice $3,156 $3,469 $3,064 $3,314

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Consider the following information pertaining to a company's inventory:

Product	Quantity	Cost	Net Realizable Value
Revolvers	15	$ 128	$ 155
Spurs	28	27	22
Hats	11	58	48

At what amount should the company report its inventory?

Multiple Choice

$3,156
$3,469
$3,064
$3,314

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