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A company's total cost of inventory was $ 3 2 9 , 0 0 0 and its net realizable value is $ 3 0 7

A company's total cost of inventory was $

329, 000

and its net realizable value is $

307, 000 .

Applying lower cost or net realizable value, the amount reported should be $

329, 000 .

Group startsTrue or False

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