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Lower-of-Cost-or-Net Realizable Value Method The following data are taken from the Browning Corporation's inventory accounts: Calculate the value of the companys ending irventory using the lower-of-cost-or-net realizable value method applied to each item of iriventory. Ending inventory value: 3 The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Galantine, inc, for an operating period. Assuming Galantine, Inc uses UFO perpetual imventory procedures, sale no. 2 is recorded as an entry to Cost of Goods sold for. Select one: A. 184 A. 11,200 C$1,110 D. 51.320 The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Galantine, inc, for an operating period. Assuming Galantine, inc. uses AFO perpetual inventory procedures, it records sale no. 2 as an entry to Cost of Goods Sold for: Select one A. 51,110 6. 51,200 C. 5840 D. 31,260 The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Galantine, Inc, for an operating period. Assuming Galantine, inc. uses weighted-iverage (perpetual) inventory procedures, ale no. 2 is recorded as an entry to Cost of Goods sold for. Select one A. 51,140 8. $1,116 c. 51,020 D. 31,065