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Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. What amount should be reported on

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Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. What amount should be reported on Best Buys financial statements, assuming the lower-or-cost-or-net realizable value rule is applied? Total

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