The Jewel Fool had the following inventory items on hand at the end of the year. Quantity Cost per Item Value per Item Necklaces 20 $ 71 $ 76 Bracelets 70 61 41 Determine the lower of cost or market/net realizable value per unit and the total amount that should be reported on the balance sheet for each item of inventory.

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?