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Halicon Ltd. applies the lower of cost or NRV valuation to inventory. The company's inventory...

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Accounting

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Halicon Ltd. applies the lower of cost or NRV valuation to inventory. The company's inventory at the end of the year is as follows: Required: Determine the amount of any adjustment that is required to inventory under each of the folldwing valuation methods: (Enter all amounts as positive values.) 1. By individual type of item. 2. By class of inventory

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