Charapata Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 100 units at a cost per unit of $65 150 units at a cost per unit of $75 Blu-ray players iPods 125 units at a cost per unit of $80 The net realizable value at year-end was cameras $71, Blu-ray players $67, and iPods $78. Instructions Determine the amount of ending inventory at lower-of-cost-or-net realizable value.
