Pharoah Company developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value(LCNRV) basis in...
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Accounting
Pharoah Company developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value(LCNRV) basis in valuing inventories:
Product Cost Market
A $141000. $149000
B 99000 94000
C 198000 201000
After Pharoah Company applies the LCNRV rule, the value of the inventory reported on the balance sheet would be
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