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please help me compute these. H.T. Tan Company is preparing the annual financial statements dated December 31 of the current year. Ending inventory information about

please help me compute these.

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H.T. Tan Company is preparing the annual financial statements dated December 31 of the current year. Ending inventory information about the five major items stocked for regular sale follows: ENDING INVENTORY, CURRENT YEAR Net Realizable Quantity Unit Cost When Value (Market) Item on Hand Acquired (FIFO) at Year-End A 62 $ 1 3 $ 1 6 B 92 4 1 3 1 C 22 5 3 4 9 D 82 3 1 2 6 E 3 6 2 6 l 1 l Req uired: Compute the valuation that should be used for the current year ending inventory using lower of cost or net realizable value applied on an item-byitem basis

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