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Best Buy uses the lower-of-cost-or-net realizable value basis for its imventory. 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 imventory. The following data are available at December 31. What amount should be reported on Best Buy's financial statements, assuming the lower-of-cost-or-net realizabie value rule is applied? Total 5

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