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A company reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory: Inventory Ski Jackets

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A company reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory: Inventory Ski Jackets Skis Quantity 10 25 Cost per Unit NRV per Unit $ 130 $ 110 250 300 Calculate the amount to be reported for ending inventory. Ending inventory

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