Ivanhoe Wig Shoppe carries a number of wigs that are made specifically for people who require them whilie undergoing medical treatment. They use a perpetual inventory system and the FIFO cost formula for valuing inventory. The following information is available regarding the inventory on hand at yearend, December 31 : Assuming Ivanhoe values each type of wig separately, determine the lower of cost and net realizable value of the ending. inventory. Lower of cost and net realizable value eTextbook and Media List of Accounts Attempts: 0 of 3 used Usine multiple attempts will impact your score. 10% score reduction after attempt 2