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Current Attempt in Progress The inventory of Vaughn Company on December 31,2025 , consists of the following items. apartNo.121 is obsolete and has a realizable

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Current Attempt in Progress The inventory of Vaughn Company on December 31,2025 , consists of the following items. apartNo.121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31, 2025, by the LCNRV method, applying this method to each item. Inventory as of December 31,2025$

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