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:

0 X I Homework X Question 8 - Chapter 7 Homewol X + X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect... . .. Apps Kylie School () Kylie Office 365 2 ParentVUE & Kylie Reading ProgroFormative Kylie-Seesaw PaymentPeachcare 2 Portal Login Blue Cross Blue Shi.. Chapter 7 Homework Saved Help Save & Exit Submit Check my work 8 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: ENDING INVENTORY, CURRENT YEAR Net Realizable 1.65 Quantity Unit Cost When Value (Market) points Item on Hand Acquired (FIFO) at Year -End A 64 $ 15 $ 18 94 43 33 24 mono 55 51 eBook ist 84 33 28 364 8 13 Hint Print Required: References 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. Total Net Lower of Item Quantity Total Cost |Realizable Cost or Value NRV 64 94 C 24 D 84 Mc Graw Hill Type here to search O Eli a N 9 3 9:31 PM 1/28/2021X + 0 X I Homework Question 8 - Chapter 7 Homewol X X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.... . .. Apps Kylie School () Kylie Office 365 42 ParentVUE & Kylie Reading ProgroFormative Kylie-Seesaw PaymentPeachcare 2 Portal Login Blue Cross Blue Shi.. Chapter 7 Homework @ Saved Help Save & Exit Submit Check my work 8 ENDING INVENTORY, CURRENT YEAR Net Realizable Quantity Unit Cost When Value (Market) Item on Hand Acquired (FIFO) at Year-End A 64 $ 15 $ 18 1.65 94 43 33 points 24 55 51 84 33 28 364 8 13 eBook ist Hint Required: Compute the valuation that should be used for the current year ending inventory using lower of cost or net realizable value Print applied on an item-by-item basis. References Total Net Lower of Item Quantity Total Cost Realizable Cost or Value NRV 4 64 94 C 24 D 84 E 364 Screenshot saved Total The screenshot was added to your OneDrive. Mc OneDrive Graw Hill Type here to search O a N 9 3 9:32 PM 1/28/2021