Apogee Group purchases for resale 2,000 calculators for $16 each. At year end, the estimated...
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Accounting
Apogee Group purchases for resale 2,000 calculators for $16 each. At year end, the estimated selling price is $19, and the disposal cost is $4. If Apogee uses LCNRV costing by item, at what amount will the calculators be reported on the balance sheet?
$40,000
$34,000
$30,000
$24,000
$26,000
$32,000
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