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5 This data is for selected inventory items at Deluxe Supply Company Net Balitale Value 3 Quantity Unit Cost 66 $2.00 76 106 $ 12.50 24.50 22.50 Printer Cartridges te 120 Ite 121 Fax Machines Ite 2 Ite 211 I 212 23 18 90.00 200.00 233.00 97.00 14.00 218. rences Required: 1. & 2 Determine the total amount to be reported as the inventory valuation at cost or net realizable value, whichever is lower under lower of cost or net realizable value for each tem separately and lower of total cost or total realizable value 3. Determine the total amount to be reported as the inventory valuation at cost or net realizable value, whichever is tower under lower of total cost or total net realizable value by group Analyze: Which valuation method will yield the highest net income? Complete this question by entering your answers in the tabs below. Red 1 and 2 Rega Analyze Determine the total amount to be reported as the inventory valuation at cost or net reliable value, whichever is lover under love of cost realizable value for each item separately and lower of total cost or total realizable value. Round your answers to 2 decimal places.) Total Net of Cost Net Description Quantity Unit Cost Net Realizable Value Total Cost Value Printer Cartridges em 110 am 120 Totalcartridges Fax Machines em 210 am 211 em 212 Tocal Fax Machines Total mentory Lower of color nutritable value by individuale Lower of factor total netrava Rega) 5 Problem 17.3A (Algo) Applying the lower of cost or net realizable value rule by different methods. LO 17- 3 pore This data is for selected inventory items at Deluxe Supply Company Quantity Unit Cost Realizable Value B Printer Cartridges Ite 119 Iter 12 Item 121 Fax Machines Ites 210 Item 211 Item 212 66 76 106 $ 32.00 27.25 $32.50 24.50 27.50 23 18 17 94.00 200.00 233.ee 97.00 194.ee 218.00 Derences Required: 1.8 2. Determine the total amount to be reported as the inventory valuation at cost or net realizable value, whichever is lower under lower of cost or net realizable value for each item separately and lower of total cost or total realizable value. 3. Determine the total amount to be reported as the inventory valuation at cost or net realizable value, whichever is lower under lower of total cost or total net realizable value by group Analyze: wnich valuation method will yield the highest net income? Complete this question by entering your answers in the tabs below. Req 1 and 2 Rega Analyze Determine the total amount to be reported as the inventory valuation at cost or net malleable value, whichever is lower, under lower of total cost or total net realizable value by group. (Round your answers to 2 decimal places.) Lower of total cost of total Net Realizable Value by groups Printer Cartridges For Machines Total inventory by groups 5 Problem 17.3 (Algo) Applying the lower of cost or net realizable value rule by different methods. LO 17- 3 This com is for selected inventory items at Deluxe Supply Company Realizable Quantity Unit Cost Peter Ortes * 52. 30.5 27.50 9. 20. lo 213.20 Required: 18 2 Determine the total amount to be reported as the inventory valuation at cost or net realizable value, whichever is lower under lower of cost or net realizable value for each kem separately and lower of total cost or total realizable value 3. Determine the total amount to be reported as the inventory valuation at cost or net realizable value, whichever is lower under lowe of total cost or total net realizable value by group Analyze Which valuation method will yield the highest net income? Complete this question by entering your answers in the tabs below. Rectand 2 Req3 Analyze which valuation method will yield the highest net income?