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Bramble's Snowshoes usually sells its snowshoes for $135 per unit and allows Bramble's to earn...

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Accounting

Bramble's Snowshoes usually sells its snowshoes for $135 per unit and allows Bramble's to earn a 20% profit margin. It has recently come to Bramble's attention that the expected selling price has fallen to $64 per unit. Bramble's current inventory includes 95 units purchased at $104 per unit. 



Calculate the value of the inventory at the lower of cost and net realizable value.

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