14. The following information is given for a specific inventory item: $100 120 32 Cost Estimated selling price Cost to complete Selling cost 15 What is the proper inventory value under the lower-of-Cost-or-Net Realizable Value rule? a. $53 b. $73 c. $88 d. $105 15. The 2020 financial statements of Sheridan Company reported a beginning inventory of $85,000, an ending inventory of $125,000, and cost of goods sold of $777,000 for the year. Sheridan's Inventory Turnover for 2020 is a. 5.2 times b. 6.2 times c. 7.4 times d. 9.1 times 5