B PROBLEMS

P$9\mathrm{.}1$B $($LO $1)($LCNRV$)$ Skitown Company manufactures snowboards. Most of the company's snowboards are standard models and are sold on the basis of catalog prices. At December $31,2020,$ the following snowboards appear in the company's inventory:

$\backslash$table$[[$Snowboard Model,,Elite,,Premier,,Adventure$]]$

The $2020$ catalog was in effect through August $2020,$ and the $2021$ catalog is effective as of September $1,2020.$ All catalog prices are net of the usual discounts. Generally, the company attempts to obtain a $25\%$ gross profit on selling price and has usually been successful in doing so$.$