Chapter 06: Inventories and Cost of Sales i 1 1.66 points Skipped eBook Print Ripken Company's ending inventory includes the following items. Product Helmets Bats Shoes Uniforms Units 37 30 51 55 Inventory Items Units Helmets Bats Shoes Uniforms Cost $59 77 96 41 37 30 51 55 Compute the lower of cost and net realizable value for ending inventory applied separately to each product. Per Unit Cost $ Per Unit NRV 59 $ 77 96 41 NRV 55 83 100 41 $55 83 100 41 Cost Total Saved NRV Lower of cost and NRV Applied to Items

Ripken Company's ending inventory includes the following items. Compute the lower of cost and net realizable value for ending inventory applied separately to each product. Park uses a perpetual inventory system. For specific identification, ending inventory consists of 285 units, where 140 are from the March 30 purchase, 80 are from the March 20 purchase, and 65 are from beginning inventory. Required: 1. Complete comparative income statements for the month of March for Park Company for the three inventory methods. Assume expenses are $1,850 and that the applicable income tax rate is 30% (Round your Intermediste colculations to 2 decimal ploces.)