This data is for selected inventory items at Deluxe Supply Company.

	Quantity			Unit Cost					Net Realizable Value
Printer Cartridges
Item 119		66			$	32.00			$	32.50
Item 120		76				27.25				24.50
Item 121		106				31.00				27.50
Fax Machines
Item 210		23				94.00				97.00
Item 211		18				200.00				194.00
Item 212		17				233.00				218.00

Required:

1. 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 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.

Analyze: Which valuation method will yield the highest net income?

Complete this question by entering your answers in the tabs below.

• Req 1 and 2
• Req 3
• Analyze

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 realizable value for each item separately and lower of total cost or total realizable value. (Round your answers to 2 decimal places.)

Description	Quantity	Unit Cost	Market Value	Total Cost	Total Market	Lower of Cost or Market
Printer Cartridges
Item 119				$0.00	$0.00
Item 120				0.00	0.00
Item 121				0.00	0.00
Total cartridges				$0.00	$0.00	$0.00
Fax Machines
Item 210				$0.00	$0.00
Item 211				0.00	0.00
Item 212				0.00	0.00
Total Fax Machines				$0.00	$0.00	$0.00
Total inventory				$0.00	$0.00	$0.00
Lower of cost or market by individual items
Lower of total cost or total market