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Answer Please Jones Company is preparing the annual financial statements dated December 31, 2015. Ending inventory information about the five major items stocked for regular

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Jones Company is preparing the annual financial statements dated December 31, 2015. Ending inventory information about the five major items stocked for regular sale follows: Required: Compute the valuation that should be used for the 2015 ending inventory using the LCM rule applied on an item-by-item basis

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