21.Jones Company follows U.S. GAAP and has the following inventory data available: Men shirt 1 Men shirt 2 Women shirt 3 Women shirt 4 Cost Price Selling Disposal Current Costs Replacement $10 20 5 8 Normal Profit The company has 1000 shirts of each style at year end and uses the LIFO method. Determine the value of inventory reported at year end if the LCM rule is applied to each $36 $16 inventory item. 23 6 20 4 3 5 $15 18 4 $8 2 12 1 4 22.Info