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Assume that Mander Corp. has unfinished inventory with a cost of $950, a sales value of $1,000, an estimated cost of completion of $150, and

Assume that Mander Corp. has unfinished inventory with a cost of $950, a sales value of $1,000, an estimated cost of completion of $150, and estimated selling costs of $120. Mander reports inventory on its balance sheet at:

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