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Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are...

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Accounting

Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31.
What amount should be reported on Best Buy's financial statements, assuming the lower-of-cost-or-net realizable value rule is
applied?
Total $
image

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