RQ21-11 (similar to) Question Help Incuded in the December 31, 2016, inventory of the Top Dog Supply Company are 2 200 deluxe ring binders in the amount of $6,590. An examination of the most recent acquisitions of binders showed the following costs: January 26 2017, 1,900 at $3.08 each, December 6, 2016, 1,800 at $2.96 each, November 26, 2016, 2,000 at $2.78 each. What is the misstatement in valuation of the December 31, 2016, inventory for deluxe ring binders, assuming FIFO inventory valuation? What would your answer be if the January 26, 2017, acquisition was for 1,900 binders at $2 84 each? What is the misstatement in valuation of the December 31, 2016, inventory for deluxe ring binders, assuming FIFO inventory valuation? Assuming FIFO inventory valuation, the December 31, 2016 inventory balance for deluxe ring binders should be As such, the ending inventory balance of $6,590 at December 31, 2016 is by Choose trom any ist or enter any number in the impu heds and then cick check Answer Check Answer part remainig Clear All O Type here to search