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A company has four items of inventory and their cost and NRVs are as follows. Inventory item Cost NRV $ $ 1 27 32 2

  1. A company has four items of inventory and their cost and NRVs are as follows.

Inventory item Cost NRV

$ $

1 27 32

2 14 15

3 43 55

4 30 29

114 131

What is the value of closing inventory?

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