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Corrs Company began operations in 2016 and determined its ending inventory at cost and at lower-of-cost-or-market at December 31, 2016, and December 31, 2017. This

Corrs Company began operations in 2016 and determined its ending inventory at cost and at lower-of-cost-or-market at December 31, 2016, and December 31, 2017. This information is presented below.

Cost

Lower-of-Cost-or-Market

12/31/16 $346,000 $327,000

12/31/17 410,000 395,000

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