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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

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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 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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