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Business, 22.03.2021 20:30 hayleydawn

Iris Company has provided the following information regarding two of its items of inventory at year-end: • There are 100 units of Item A, having a cost of $20 per unit, a selling price of $24 and a cost to sell of $6 per unit. • There are 50 units of Item B, having a cost of $50 per unit, a selling price of $56 and a cost to sell of $4 per unit. How much is the ending inventory using lower of cost or net realizable value? $4,100. $4,300. $4,400. $4,500.

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Iris Company has provided the following information regarding two of its items of inventory at year-...
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