Sunland Company uses a perpetual inventory system and the FIFO cost formula for valuing inventory. The company is now in the process of comparing the cost of its inventory with its net realizable value. The following data are available at Sunland Company's year end, December 31: Units Unit Cost $7 Net Realizable Value per Unit 88 56 Clothing Jewellery Greeting cards 75 20 28 50 2 3 Stuffed toy 52 13 38 (a) Determine the lower of cost and not realizable value of the ending inventorystumine Santand Companyies LCNRVO (a) Determine the lower of cost and net realizable value of the ending inventory assuming Sun and Company applies LCNRV ON individual items. Lower of cost and net realizable value List of Accounts Setor Liter Attempts: 0 of 1 used subunit Antwer