The controller of Greene Yard Company is applying the LCNRV basis of valuing its ending inventory. The following information is available: 
Instructions
Compute the value of the ending inventory by applying the LCNRV basis.
Definitions:
Durkheim
A founding figure in sociology known for his work on social solidarity, the division of labor, and the sociological study of religion and suicide.
Social Exchange Theory
A theoretical perspective that explains social change and stability as a process of negotiated exchanges between parties.
Interactions
Exchanges or communications between two or more individuals, which can influence attitudes, beliefs, and behaviors.
Rewards or Punishments
Incentives or consequences used to influence behavior and encourage compliance with rules, norms, or expectations.
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