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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 LC&NRV Total per Item LC&NRV Year-End Alligator Armoires Bear Bureaus Cougar Beds 23 332 63 $ 88 256 28 $ 25 53 53 63 65 Dingo Cribs 43 43 43 Elephant Dressers 465 23 19

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