The following information on cost and net realizable value of Martinez Ltd.s various inventory categories...
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The following information on cost and net realizable value of Martinez Ltd.s various inventory categories was gathered at December 31, 2021:
Please answer part a)
The following information on cost and net realizable value of Martinez Ltds various inventory categories was gathered at December 31, 2021: Cost NRV Inventory Categories Desktops $348,900 $328,300 Tablets and readers 167,100 222,500 Laptops 222,300 286,400 Tablets and readers 97,500 94,700 (a) Calculate the lower of cost and net realizable value for each inventory category within Martinez's inventory. Inventory Categories LCNRV Desktops $ Tablets and readers Laptops Accessories and parts Total valuation $
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