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Following is data relative to the 12/31/26 inventory of Oriole Company: The selling price is $1.00 /unit for all items. Disposal costs amount to 10%

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Following is data relative to the 12/31/26 inventory of Oriole Company: The selling price is $1.00 /unit for all items. Disposal costs amount to 10% of the selling price and a "normai" profit is 30% of selling price. There are 1,700 units of each item in the 12/31/26 inventory. The company applies LCM using to the total of the inventory. (a) Complete the last three columns in the 12/31/26 schedule below based upon the lower-of-cost-or-market rules, (Round answers to 2 decimal places, eg. 52.75.) \begin{tabular}{llll} ment & NetRealizableValue & NetRealizableValueLessNormalProfit & AppropriateInventoryValue \\ \hline 30 & $ \end{tabular} 35 85 55 .70

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