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MaloneCompany determined its ending inventory at cost and at LCNRV at December 31, 2017, December 31, 2018, and December 31, 2019, as shown below. Cost

MaloneCompany determined its ending inventory at cost and at LCNRV at December 31, 2017, December 31, 2018, and December 31, 2019, as shown below.

Cost

NRV

12/31/17 $650,000 $650,000 12/31/18 780,000 712,000 12/31/19 905,000 830,000

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