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Item Code Quantity Unit Cost Unit NRV Small 100 $228 $232 Medium 420 152 176...

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Question

Accounting

Item Code Quantity Unit Cost Unit NRV

Small 100 $228 $232

Medium 420 152 176

Large 600 168 176

Extra-Large 220 268 256

How much is the inventory if the lower-of-cost-or-net realizable value rule is applied to each item of inventory?

A) $252,640

B) $243,760

C) $265,440

D) None of the above

Answer & Explanation Solved by verified expert
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