This company uses LCNRV Method to value inventory. An item in inventory has the following information. How much will this item be valued at in the books for reporting purposes? Estimate Selling Price $121 Cost $77 Cost to complete $32 Selling costs $8

Eon inc., electravia inc., and fc inc., the three largest firms in the consumer electronics industry, hold close to 85 percent of the industry's market share. these companies mainly compete against each other by providing unique features in their products rather than pricing them low. these firms are interdependent, and each firm must consider the strategic actions of its competitors. which of the following industry competitive structures does this scenario best illustrate? monopolistic competition oligopoly monopoly perfect competition