Bethel Co Has Collected the Following Data Related to Its Ending

Essay

Bethel Co. has collected the following data related to its ending inventory:
$$\begin{array} { | l | r | r | r | } \hline \text { Product } & \text { Units an Hand } & \text { Unit Cast } & \text { Unit NRV } \\\hline 849 & 200 & \$ 12 & \$ 11 \\\hline 842 & 160 & \$ 13 & \$ 14 \\\hline 847 & 85 & \$ 12 & \$ 13 \\\hline 860 & 40 & \$ 21 & \$ 22 \\\hline\end{array}$$ Calculate the lower of cost and net realizable value (LCNRV) on an item by item basis.