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3. Fly a kite company buys kites at $26 each from a supplier. At the end of 2017, the company evaluates its inventory based on

3. Fly a kite company buys kites at $26 each from a supplier. At the end of 2017, the company evaluates its inventory based on LCNRV. For each kite sold, the company sells it at $27 and pays the sales assistant $2 etc etc etc

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