Ivanhoe Wig Shoppe carries a number of wigs that are made specifically for people who require them while undergoing medical treatment. They use a perpetual inventory system and the FIFO cost formula for valuing inventory, The following informatian is available regarding the inventory on hand at year end, December 31 : (a) Now assume lvanhoe combines all wibs together for the purposes of determining LCNRV. What amount should be reported on lvanhoe's balance sheet at year end? Value of inventory 5