Question: Please answer problem #5, SHOWING ALL WORK ACCORDINGLY. Thank you! Blossom Company sells coffee beans, which are sensitive to price fluctuations. The following inventory information

Please answer problem #5, SHOWING ALL WORK ACCORDINGLY. Thank you!

Blossom Company sells coffee beans, which are sensitive to price fluctuations. The following inventory information is available for this product at December 31, 2022. Units Net Realizable Value Coffee Bean Coffee arabica Coffee robusta Unit Cost $5.30 $5.25 13,100 bags 4,100 bags 3.30 3.40 Calculate Blossom's inventory by applying the lower-of-cost-or-net realizable value basis. Blossom's inventory $

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