Lower-of-Cost-or-Net Realizable Value Method The following data are taken from the Daisy Corporation's inventory accounts:...
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Lower-of-Cost-or-Net Realizable Value Method The following data are taken from the Daisy Corporation's inventory accounts: Net Unit Realizable Quantity Cost Value Item Code Product 1 ZKE ZKF Product 2 MN MNS 100 300 $22 31 $18 36 400 22 31 19 37 250 Calculate the value of the company's ending inventory using the lower-of-cost-or-net realizable method applied to each item of inventory. Applying the lower-of-cost-or-net realizable value method to each item of the inventory results in an ending inventory amount of $
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