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Please solve 4. Rivendale Incorporated has the following items in inventory at year end: Units 2 Item Frodo doll Sam posters Aragorn swords Cost/Unit $50

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4. Rivendale Incorporated has the following items in inventory at year end: Units 2 Item Frodo doll Sam posters Aragorn swords Cost/Unit $50 $150 $25 NRV/Unit $60 $75 $20 3 4 Instructions Calculate the cost of ending inventory using LCNRV (lower of cost or net realizable value) on: a. A unit-by-unit basis b. A group inventory basis

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