Business, 23.04.2021 04:30, lbelle

Whitman Corporation sells six different products. The following information is available on December 31: Inventory item Units Cost per unit Net Realizable Value per unit Estimated selling price Tin 60 $500 $505 $515 Titanium 20 5000 4950 5100 Stainless steel 80 2000 1910 1980 Aluminum 80 350 285 290 Iron 40 400 410 425 Fiberglass 40 300 295 295 When applying the lower-of-cost-or-net-realizable-val ue rule to each item, what will Whitman's total ending inventory balance be

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Whitman Corporation sells six different products. The following information is available on December...