Part $1$

Inventory

On December $31,2030,$ Glidden International had an inventory of five different types of airplane parts. Given the current fuel costs, airplane parts are not as valuable as they once were. The chart below provides the cost basls, net realiaable value, replacement cost and net realizable value less normal profit as of December $31,2030.$ Glidden International prepares its inventory valuation comparisons on an item$-$by$-$item basis.

$\backslash$table$[[,$Cost,NRV$,$RC$,\backslash$table$[[$NRV$],[$NPM$]]],[$Part $1,$$$10,000,$$$20,000,$$$15,000,$$$12,000$