Business, 20.03.2020 11:19 hamadehassan

Pharoah Company uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Item Units Unit Cost Net Realizable Value Cameras: Minolta 7 $175 $157 Canon 11 142 176 Light meters: Vivitar 14 130 111 Kodak 17 120 132 Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

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Pharoah Company uses the lower-of-cost-or-net realizable value basis for its inventory. The followin...

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