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Example (2): On Dec 31, 2020, a store had a stock of raw materials of JD 26.000. The estimated cost of manufacturing is JD 12,000, and the estimated cost necessary to sell it at the completion of its manufacturing is JD 2.000_and the estimated selling price of the stock upon completion of manufacturing is JD 42,000. The replacement cost of raw materials stock (replacement cost) JD 24,000. Instruction: 1. Determine the net realizable value of inventories 40,000 2. Determine the value of inventories of raw materials that will appear in the company's balance sheet as of 31 December 2020. 26 000 Example (3): ABC Company began operations in 2020 and determined its ending inventory at cost and at a LCNRV at December 31, 2020, and December 31, 2021. This information is presented below. Cost Net Realizable Value 12/31/2020 JD620,000 JD590,000 12/31/2021 615,000 600,000 Instructions a) prepare the journal entries required at December 31, 2020, and December 31, 2021, assuming that the inventory is recorded at cost, using a perpetual system and the loss method. (30000) (15000)