accounting chapter 17

1. \& 2 Determine the total a mount to be reported as the inventory valuation at cost or net realizable value, whichever is lower, under lower of cost or net realizable value for each item separately and lower of total cost or total realizable value 3. Determine the total amount to be reported as the inventory valuation at cost or net realizable value. whichever is lower, under lower of total cost or total net realizable value by group. Anolyze: Which valuation method will yield the highest net income? Complete this question by entering your answers in the tabs below. Determine the total amount to be reported as the inventory valuation at cost or net noalcable value whichever is lowec; under lower of cost or net This data is for selected inventory items at Deluxe Supply Company: Required: 1. \& 2. Determine the total amount to be reported as the inventory valuation at cost or net realizable value. whichever is lower. under lower of cost or net reatizable value for each item separately and lower of total cost or totai realizable value 3. Determine the total amount to be reported as the inventory valuation at cost or net realizable value, whichever is lower. under lower of total cost or total net realizable value by group. Analyze: Which valuation-method will yield the highest net income? Complete this question by entering your answers in the tabs below. Determine the total amount to be reported as the inventory waluation at cost on net nealzable value, whichever is lowern undet lower of total cost or total net realizable value by group. (Round youn answent to 2 decin plackin)