Novelli's Nursery has developed the following data in order to calculate the lower of cost...
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Accounting
Novelli's Nursery has developed the following data in order to calculate the lower of cost or net realizable value for its products. The individual products are listed within the categories of trees.
SellingPriceCost
Broad leaf trees:
Ash$1,840$1,740
Beech2,2601,640
Needle leaf trees:
Cedar$2,580$1,790
Fir3,7003,390
Fruit trees:
Apple$1,840$1,440
Cherry2,3601,840
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