Oriole Wig Shoppe carries a number of wigs that are made specifically for people who...
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Oriole Wig Shoppe carries a number of wigs that are made specifically for people who require them while undergoing medical treatment. They ose a perpetuat inventory system and the FFO cost formuta for valuing inventory. The following information is available regarding the inventory on hand at year end, December 31 : Assuming Oriole values each type of wig separately, determine the lower of cost and net realizable value of the ending inventory. Lower of cost and net realizable value
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