Blossom Distribution Co. has determined its December 31, 2023, inventory on a FIFO basis at $235400....

 

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Blossom Distribution Co. has determined its December 31, 2023, inventory on a FIFO basis at $235400. Information pertaining to that inventory follows: Estimated selling price Estimated cost of disposal Normal profit margin $254300 O $18900. ● $9000. O $28800. O $0. 9900 29100 Blossom records losses that result from applying the lower of cost and net realizable value rule. At December 31, 2023, the loss that Blossom should recognize is Blossom Distribution Co. has determined its December 31, 2023, inventory on a FIFO basis at $235400. Information pertaining to that inventory follows: Estimated selling price Estimated cost of disposal Normal profit margin $254300 O $18900. ● $9000. O $28800. O $0. 9900 29100 Blossom records losses that result from applying the lower of cost and net realizable value rule. At December 31, 2023, the loss that Blossom should recognize is

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