Consider the following information pertaining to Pagoda's inventory: Product Quantity Cost Net Realizable Value Gloves 16 $ 121 $ 155 Shoes 26 26 21 Hats 13 52 42 At what amount should Pagoda report its inventory?

$3,028

Explanation:

As we know that

The inventory should be valued at cost or net realizable value which ever is lower

                       (A)                   (B)                                                (A × B)

Product           Quantity       Lower value of cost or NRV      Amount

Gloves             16                                $121                                 $1,936

Shoes              26                               $21                                   $546

Hats                 13                                $42                                  $546

Total amount                                                                            $3,028

Hence, the inventory recorded amount is $3,028

answer; human resource management.(hrm);