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ROK NEXT Testbank Exercise 142 The December 31, 2020 inventory of Ivanhoe Company consisted of four products, for which certain information is provided below Estimated

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ROK NEXT Testbank Exercise 142 The December 31, 2020 inventory of Ivanhoe Company consisted of four products, for which certain information is provided below Estimated Normal Replacement Disposal Expected Product Original Cost Profit Cost Cost Selling Price on Sales $29.00 $27.00 $5.50 142.00 25.00% 141.00 $39.00 $9.00 149.00 20.00% $148.00 $143.00 $185.00 20.00% D $14.70 $5.00 $26.00 20.00% Using the lower-of-cost-or-marat preach applied on an individual-tembaris, compute the inventory valuation that should be reported for each product on December 31, 2020 (ound answers to decimal places, s. 32.7.) Product 122.00 A B D

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