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Arganon Ltd. had the following ending inventory balances for each of the past six years: Net Realizable Value Cost 20x3 $ @ 20X4 2 6,000

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Arganon Ltd. had the following ending inventory balances for each of the past six years: Net Realizable Value Cost 20x3 $ @ 20X4 2 6,000 20x5 29,000 20x6 25,000 20x734,000 20X8 36,000 28.000 20,000 24,000 23,000 37,000 Required: For each year, 20x4 through 20X8, determine the holding loss (gain) under lower-of-cost-or-NRV valuation. (Loss amounts should be indicated by minus sign. Leaving no cells blank, be certain to enter "zero" wherever required) Year-end Allowance to reduce Inventory to NRV Opening Balance Allowance to reduce Inventory to NRV- Amount Required Holding Loss (Gain) 20X4 20X5 20X6 20X7 20x8

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