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

Item	quantity on hand	unit cost when acquired (FIFO)	net relizable value at year-end	LC & NRV per item	total LC & NRV
Aligator armoires	50	$ 15	$ 12
bear bureaus	75	40	40
cougar beds	10	50	52
dingo cribs	30	30	30
elephant dressers	400	10	6

Compute the amount that should be reported for the ending inventory using the LC&NRV rule applied to each item.

Ending Inventory: