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Compute the valuation for the December

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Question - Wildhorse Company is preparing the annual financial statements dated December 31, 2020. Information about inventory stocked for regular sales follows:

Item

Quantity on Hand

Unit Cost When Acquired

Net Realizable Value at Year-End

A

94

$22

$21

B

144

47

47

C

64

61

64

D

84

42

38

Required - Compute the valuation for the December 31, 2020, inventory using the lower-of-cost-or-net realizable value basis.

Reference no: EM133069829

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