Presented below is information related to Pear Corp's inventory at December 31
		Hats	Gloves	Boots
	Historic Cost	52	48	95
	Selling Price	70	53	106
	Costs to sell	6	5	10
	Costs to complete	10	8	16
INSTRUCTIONS:
A	Compute the lower of cost or net realizable value for each item.
B	Prepare the journal entry to record the inventory at its appropriate value using the
	loss method.	(assume this is the first year of operations)