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Assume that you have been asked to restate the financial statements to incorporate the LC&NRV . You have developed the following data relating to the

Assume that you have been asked to restate the financial statements to incorporate the LC&NRV

.

You have developed the

following data relating to the ending inventory:

1 -

.

Apply the lower of cost and net realizable value on an item

-

-

item basis and show computations.

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