Remmers Company manufactures desks. Most of the company’s desks are standard models and are sold on the basis of catalog prices. At December 31, 2025, the following finished desks (10 desks in each category) appear in the company’s inventory.

The 2025 catalog was in effect through November 2025, and the 2026 catalog is effective as of December 1; catalog prices are net of the usual discounts.

Instructions

At what amount should each of the four desks appear in the company’s December 31, 2025, inventory, assuming that the company has adopted a lower-of-FIFO-cost-or-net realizable value (LCNRV) approach for valuation of inventories on an individual-item basis?

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Finished Desks 2025 catalog selling price FIFO cost per inventory list 12/31/25 Estimated cost to complete and sell 2026 catalog selling price A $45 47 5 50 B $48 45 11 54 с $90 83 26 90 D $105 96 20 120