Home furnishings reports inventory using the lower of cost and net realizable value (nrv). below is information related to its year-end inventory. inventory quantity unit cost unit nrv furniture 120 $ 77 $ 92 electronics 42 320 260 exercise 6-13a part 2 2. calculate ending inventory using the lower of cost and net realizable value.

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.