Boulder, Inc. is computing its inventory at December 31, 2016. The following information relates to the five major inventory items regularly stocked for resale: 
Required:
Using the lower of cost or market rule (LCM or net realizable value), compute the total valuation for each inventory item at December 31, 2016, and the total inventory valuation.
Definitions:
Essential Links
Critical connections or relationships that are fundamental to the functioning or success of a system, process, or structure.
Communication Process
The series of steps through which information is transmitted and received between sender and receiver, involving encoding, media, decoding, and feedback.
Chainlike Communication
A linear method of information transfer where messages are passed sequentially from one person to another among multiple participants.
Sending An Idea
The act of transmitting a thought or concept from one individual to another or to a group, typically aiming for understanding or action.
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