Hello, may I have some help with this question? 
C Sanchez Cumpany was forme x B Untitled document - Google : x : - IX + docs.google.com/document/d/1RSygjilbFsv5rJ_DCP3SVjf-1cZAW9b2w551WIXvis/e... Apne Banking Bils Grad School in Linkedin Legin, Si. ADL - News, Weal Hotels & RII > E Reading List E 100% Normal text Arial 11 + UA GD 11 12 13 14 15 16 1 Different first page Check my work 2 Sanchez Company was formed on January 1 of the current year and is preparing the annual financial statements dated December 31, current year Ending inventory information about the four major items stocked for regular sale he current year and is preparing the anced financial statem face dete 2.5 points Item Quantity on Band INDING INVENTORY, CURRENT YEAR Ket Realisable Unit Cost When Value (Market) Required (PIPO) ( at Year-End $20 $ 15 40 44 52 55 22 32 55 35 15 eBook Hint Required: 1. Compute the valuation that should be used for the current year ending inventory using lower of cost or net realizable value applied on an item-by-item basis. . 2. What will be the effect of the write down of inventory to lower of cost or net realizable value on cost of goods sold for the - year ended December 31, current year? Print o Hronics Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the valuation that should be used for the current year ending inventory using lower of cost or net realizable value applied on an item-by-item basis. Item Quantity Total Cost Total Net Realizable Value Lower of Cost or NRV A B c D 30 55 35 15 Total $ 0 Required: Required 2 > Complete this question by entering your answers in the tabs below. Required a Required 2 What will be the effect of the write-down of inventory to lower of cost or net realizable value on cost of goods sold for the year ended December 31, current year? The write down to lower of color net realizate lun wil cost of goods sold exper by the amount of the window (Required 1 Required C Sanchez Cumpany was forme x B Untitled document - Google : x : - IX + docs.google.com/document/d/1RSygjilbFsv5rJ_DCP3SVjf-1cZAW9b2w551WIXvis/e... Apne Banking Bils Grad School in Linkedin Legin, Si. ADL - News, Weal Hotels & RII > E Reading List E 100% Normal text Arial 11 + UA GD 11 12 13 14 15 16 1 Different first page Check my work 2 Sanchez Company was formed on January 1 of the current year and is preparing the annual financial statements dated December 31, current year Ending inventory information about the four major items stocked for regular sale he current year and is preparing the anced financial statem face dete 2.5 points Item Quantity on Band INDING INVENTORY, CURRENT YEAR Ket Realisable Unit Cost When Value (Market) Required (PIPO) ( at Year-End $20 $ 15 40 44 52 55 22 32 55 35 15 eBook Hint Required: 1. Compute the valuation that should be used for the current year ending inventory using lower of cost or net realizable value applied on an item-by-item basis. . 2. What will be the effect of the write down of inventory to lower of cost or net realizable value on cost of goods sold for the - year ended December 31, current year? Print o Hronics Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the valuation that should be used for the current year ending inventory using lower of cost or net realizable value applied on an item-by-item basis. Item Quantity Total Cost Total Net Realizable Value Lower of Cost or NRV A B c D 30 55 35 15 Total $ 0 Required: Required 2 > Complete this question by entering your answers in the tabs below. Required a Required 2 What will be the effect of the write-down of inventory to lower of cost or net realizable value on cost of goods sold for the year ended December 31, current year? The write down to lower of color net realizate lun wil cost of goods sold exper by the amount of the window (Required 1 Required
