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Crane Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis....

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Accounting

Crane Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.
\table[[Item No.,Quantity,\table[[Cost],[per Unit]],\table[[Estimated],[Selling Price]],\table[[Cost to Complete],[and Sell]]],[1320,1,300,$3.23,$4.55,$1.62
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