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The Daily Grind sells coffee makers. Its inventory of coffee makers without timers cost $20,000 and has a net realizable value of $10,000. Its inventory of coffee makers with timers cost $35,000 and has a net realizable value of $35,000. What amount should be reported for Daily Grind's inventory?A :

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Answer:

The answer is: $45,000

Explanation:

The total merchandise inventory should include both the coffee makers with timers and without timers, but they should be recorded at their fair market value.

total merchandise inventory = coffee makers with timer + coffee maker without timer

total merchandise inventory = $35,000 + $10,000 = $45,000

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