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Your company has not yet decided how it will apply LCNRV to its inventory. If...

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Accounting

Your company has not yet decided how it will apply LCNRV to its inventory. If management wants to maximize the value of ending inventory, it should:

a apply LCNRV by group, or "by class."

b apply LCNRV to total inventory.

c apply LCNRV by item.

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