Painter Inc. sells several types of paint. Due to the low demand, it would be testing its inventory for impairment. It gathered the following information:  No. brand Type Size units unit cost unit selling price (udated) Ave. Unit cost to sell 001 A A Water-based 4-liter 10 350 400 70 002 A Water-based 16-liter 20 1,150 1,300 250 003 A Acrylic 16-liter 20 1,200 1,700 300 004 B Water-based 16-liter 5 1,075 1,250 200 005 B Acrylic 4-liter 15 400 600 70 006 B Acrylic 16-liter 10 1,250 2,000 250 How much should be reported as loss from inventory write-down?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Painter Inc. sells several types of paint. Due to the low demand, it would be testing its inventory for impairment. It gathered the following information: 

No. brand Type Size units unit cost unit selling price (udated) Ave. Unit cost to sell
001 A A Water-based 4-liter 10 350 400 70
002 A Water-based 16-liter 20 1,150 1,300 250
003 A Acrylic 16-liter 20 1,200 1,700 300
004 B Water-based 16-liter 5 1,075 1,250 200
005 B Acrylic 4-liter 15 400 600 70
006 B Acrylic 16-liter 10 1,250 2,000 250

How much should be reported as loss from inventory write-down?

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