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no handwriting pls M7-7 (Algo) Reporting Inventory Under Lower of Cost or Net Realizable Value LO7-4 Wood Company had the following inventory items on hand

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M7-7 (Algo) Reporting Inventory Under Lower of Cost or Net Realizable Value LO7-4 Wood Company had the following inventory items on hand at the end of the year. Computing the lower of cost or net realizable value on an item-by-item basis, determine what amount would be reported on the balance sheet for inventory. Reported on Balance Sheet Quantity 105 65 Net Realizable Lower of cost Value per Item or NRV $ 9 2 Cost per Item $ 117 67 Item A Item B 107

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