Metlock, inc. 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 3 $178 $156 canon 10 147 174 light meters: vivitar 15 134 104 kodak 16 121 133 determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis. the ending inventory

The $5,434 is the the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

Explanation:

Based on the Generally Accepted Accounting Principles (GAAP), the inventory value should be recorded at the cost or net realizable value whichever is lower.

So, by using the above information. Now we can compute the ending inventory.

For Camera :

1. Minolta = Unit price × lower cost of Net realizable value or cost

                 = 3 × 156

                = $468

2. Canon = Unit price × lower cost of Net realizable value or cost

                = 10 × 147

                = $1,470

For Light Meters:

1. Vivitar = Unit price × lower cost of Net realizable value or cost

               = 15 × 104

               = $1,560

2. Kodak = Unit price × lower cost of Net realizable value or cost

              = 16 × 121

              = $1,936

So, the ending inventory is sum of the value of all products which is equals to

Minolta + Canon + Vivitar + Kodak

$468 + $1,470 + $1,560 + $1,936

$5,434

Hence, $5,434 is the the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

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