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2. Boulder, Inc. is computing its inventory at December 31,2016 . The following information relates to the five major inventory items regularly stocked for resale:

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2. Boulder, Inc. is computing its inventory at December 31,2016 . The following information relates to the five major inventory items regularly stocked for resale: Required: Using the lower of cost or market rule (LCM or net realizable value), compute the total valuation for each inventory item at December 31,2016 , and the total inventory valuation

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