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Sheridan Corporation has the following four items in its ending inventory. Item Cost Net Realizable Value (NRV) Jokers $2,280 $2,394 Penguins 5,700 5,643 Riddlers 5,016

Sheridan Corporation has the following four items in its ending inventory. Item Cost Net Realizable Value (NRV) Jokers $2,280 $2,394 Penguins 5,700 5,643 Riddlers 5,016 5,273 Scarecrows 3,648 4,366 (a) Determine the following the LCNRV for each item. Item LCNRV Jokers $enter a dollar amount Penguins enter a dollar amount Riddlers enter a dollar amount Scarecrows enter a dollar amount 2)determine a total category LCNRV evaluation

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