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Problem 9-1 Riverbed Company manufactures desks. Most of the company's desks are standard models and are sold on the bass of catalog prices.

Problem 9-1 Riverbed Company manufactures desks. Most of the company’s desks are standard models and are sold on the bass of catalog prices. At December 31, 2017, the following finished desks (10 desks in each
category) appear in the company’s inventory. Finished Desks A B C D
2017 catalog seHing price $48 $51 $95 $111
FIFO cost per inventorv list 12/31/17 50 4B 88 102
Estimated cost to complete and sell 5 12 28 21
2018 catalog seHing price 53 57 95 127 The 2017 catalog was in effect through November 2017, and the 2018 catalog is effective as of December 1; cataiog prices are net of the usuai discounts. At what amount should each of the four desks appear in the company’s December 31, 2017, inventory, assuming that the company has adopted a lower-of-FJFO—cost-or-net realizab‘e value (LCNRV)
approach for valuation of inventories on an individualaitem basis? Item A
Item B
Item C Item D «magmas LINK TO TEXT LINK TO TEXT

 
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