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Boyer Company Applied FIFO to Its Inventory and Got the Following

Question 97

Essay

Boyer Company applied FIFO to its inventory and got the following results for its ending inventory. Boyer Company applied FIFO to its inventory and got the following results for its ending inventory. The cost of purchasing units at year-end was VCRs $71, DVD players $72, and iPods $78. Instructions Determine the amount of ending inventory at lower-of-cost-or-net realizable value. The cost of purchasing units at year-end was VCRs $71, DVD players $72, and iPods $78.
Instructions
Determine the amount of ending inventory at lower-of-cost-or-net realizable value.

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