Consider the following information pertaining to OldWest's inventory: At what amount should OldWest report its inventory?
$$\begin{array} { | l | c | r | r | }
\hline \text { Procuct } & \text { Quantly } & \text { Cost } & \begin{array} { r }
\text { Net Realizable } \
\text { Value }
\end{array} \
\hline \text { Revolvers } & 16 & \$ 120 & \$ 150 \
\hline \text { Spurs } & 23 & 27 & 22 \
\hline \text { Hats } & 12 & 56 & 40 \
\hline
\end{array}$$

Question

Consider the following information pertaining to OldWest's inventory: At what amount should OldWest report its inventory?
$$\begin{array} { | l | c | r | r | } 
\hline \text { Procuct } & \text { Quantly } & \text { Cost } & \begin{array} { r } 
\text { Net Realizable } \
\text { Value }
\end{array} \
\hline \text { Revolvers } & 16 & \$ 120 & \$ 150 \
\hline \text { Spurs } & 23 & 27 & 22 \
\hline \text { Hats } & 12 & 56 & 40 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Consider the following information pertaining to OldWest's inventory: At what amount should OldWest report its inventory?
$$\begin{array} { | l | c | r | r | } 
\hline \text { Procuct } & \text { Quantly } & \text { Cost } & \begin{array} { r } 
\text { Net Realizable } \
\text { Value }
\end{array} \
\hline \text { Revolvers } & 16 & \$ 120 & \$ 150 \
\hline \text { Spurs } & 23 & 27 & 22 \
\hline \text { Hats } & 12 & 56 & 40 \
\hline
\end{array}$$

Consider the Following Information Pertaining to OldWest's Inventory: at What