Whitman Corporation sells six different products.The following information is available on December 31: When applying the lower-of-cost-or-net-realizable-value rule to each item, what will Whitman's total ending inventory balance be?
A)$346,000
B)$332,400
C)$333,100
D)$332,800

Question

Whitman Corporation sells six different products.The following information is available on December 31:  When applying the lower-of-cost-or-net-realizable-value rule to each item, what will Whitman's total ending inventory balance be?
A)$346,000 
B)$332,400 
C)$333,100 
D)$332,800

Quizplus · Accepted Answer

The Answer of Whitman Corporation sells six different products.The following information is available on December 31:  When applying the lower-of-cost-or-net-realizable-value rule to each item, what will Whitman's total ending inventory balance be?
A)$346,000 
B)$332,400 
C)$333,100 
D)$332,800

Whitman Corporation Sells Six Different Products