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Peterson Furniture Designs is preparing its annual financial statements dated December 31. Ending inventory information about the. five major items stocked for regular sale
Peterson Furniture Designs is preparing its annual financial statements dated December 31. Ending inventory information about the. five major items stocked for regular sale follows: Required: 1-a. Complete the final two columns of the table. Ending Inventory Unit Cost Item Quantity on Hand When Acquired (FIFO) Net Realizable Value at Year-End LC&NRV per Item Total LC&NRV Alligator Armoires 67 S 32 $ 29 Bear Bureaus 92 57 57 Cougar Beds 27 67 69 Dingo Cribs 47 47 47 Elephant Dressers 485 27 23
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