Question 1.01 point CIC Clothing Jerusalem Company end unit costs (determined by applyin estimated dioposal (selling)...

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Question 1.01 point CIC Clothing Jerusalem Company end unit costs (determined by applyin estimated dioposal (selling) for each of the products is 20% Required: s a) Using the below table to fill-in the ceiling and for nation Ixm Cent Selling Price Estimated Dispenel C Cring CHE Men's Short $50,000 $100,000 $15,000 $51,300 Sleeves Shirt Men's Long 100,000 120,000 20,000 90,000 Sleeves Shirt Women's 80,000 $5,000 20.000 Tome Short Sleeves Shin Women's 90,000 105,000 15,000 60,000 Long Sleeves Shirt by Using the lower-of-cost-or-market approach applied on an individual-ma categories total inventory basis, compute the inventory valuation that should be pred en the balance sheet at year end for each product on December 31, 2021. (12 points) Lamar-of-Cost-or Market Is Shirts Cost Designated Market Value Individual Items Major Total Categories Inventory Men's Short Sleeves Shirt $50,000 Men's Long 100,000 Sleeves Shirt Total Men's 150,000 Shirts Women's Short 80,000 Sleeves Shirt Women's Long 90,000 Sleeves Shirt Total Women's 170,000 Shirts Total Shirts $320,000 Question 1.01 point CIC Clothing Jerusalem Company end unit costs (determined by applyin estimated dioposal (selling) for each of the products is 20% Required: s a) Using the below table to fill-in the ceiling and for nation Ixm Cent Selling Price Estimated Dispenel C Cring CHE Men's Short $50,000 $100,000 $15,000 $51,300 Sleeves Shirt Men's Long 100,000 120,000 20,000 90,000 Sleeves Shirt Women's 80,000 $5,000 20.000 Tome Short Sleeves Shin Women's 90,000 105,000 15,000 60,000 Long Sleeves Shirt by Using the lower-of-cost-or-market approach applied on an individual-ma categories total inventory basis, compute the inventory valuation that should be pred en the balance sheet at year end for each product on December 31, 2021. (12 points) Lamar-of-Cost-or Market Is Shirts Cost Designated Market Value Individual Items Major Total Categories Inventory Men's Short Sleeves Shirt $50,000 Men's Long 100,000 Sleeves Shirt Total Men's 150,000 Shirts Women's Short 80,000 Sleeves Shirt Women's Long 90,000 Sleeves Shirt Total Women's 170,000 Shirts Total Shirts $320,000