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 $69, and iPods $78.
Instructions
Determine the amount of ending inventory at lower-of-cost-or-market.

Question

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 $69, and iPods $78.
Instructions
Determine the amount of ending inventory at lower-of-cost-or-market.

Quizplus · Accepted Answer

The Answer of 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 $69, and iPods $78.
Instructions
Determine the amount of ending inventory at lower-of-cost-or-market.

Boyer Company Applied FIFO to Its Inventory and Got the Following