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H.T. Tan Company is preparing the annual financial statements dated December 31 of the current year, Ending Inventory information about the five major items stocked

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H.T. Tan Company is preparing the annual financial statements dated December 31 of the current year, Ending Inventory information about the five major items stocked for regular sale follows: Item ENDING INVENTORY, CURRENT YEAR Net Ronsable Unit coat when Value (Market Acquired (TITO) at Year-End 3.25 $ 22 40 50 50 62 35 40 20 15 Quantity on and 60 90 20 00 360 1 O1000 000 Print Required: Compute the valuation that should be used for the current year ending inventory using lower of cost or not realizable value applied on an item-by-item basis onces Lower of Cost or NRV Total Net Item Quantity Total Cost Realizable Value A 90 88888 20 80 D E 360 Total

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