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6 Required information (The following information applies to the questions displayed below.) Part 1 of 2 3 points Home Furnishings reports inventory using the lower
6 Required information (The following information applies to the questions displayed below.) Part 1 of 2 3 points Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end Inventory Inventory Furniture Electronics Quantity 290 59 Unit Cost $94 490 Unit NRV $109 De Hint Print References Required: 1. Calculate the total recorded cost of ending inventory before any adjustments Cost of ending inventory (before adjustment)
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