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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 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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