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8. The controller of Greene Yard Company is applying the lower-of-cost-or-realizable-value (LCNRV) basis of valuing its ending inventory. The following information is available: Cost Net

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8. The controller of Greene Yard Company is applying the lower-of-cost-or-realizable-value (LCNRV) basis of valuing its ending inventory. The following information is available: Cost Net Realizable Value Lawnmowers Self-propelled $16,800 $17,000 Push type 19,500 18,000 Snowblowers Manual Self-start 29,800 19,700 30,000 21.000 Total inventory $85.800 $86.000 Instructions - Compute the value of the ending inventory by applying the lower-of-cost-or-net- realizable-value basis. Value Lawnmovers: Self-Propelled Push type Snowblowers: Manual Self-start Total Inventory LCNRV

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