[Solved] An item of inventory was purchased for $1

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An item of inventory was purchased for $10. However, due to a fall in demand, its selling price will be only $8. In addition, further

An item of inventory was purchased for $10. However, due to a fall in demand, its selling price will be only $8. In addition, further costs will be incurred prior to sale of $1. What is the NRV?

A $7

B $8

C $10

D $11

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