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Best Deals Inc. has six CD players in ending merchandise inventory on December 31. The players were purchased in November for $165. The price lists
Best Deals Inc. has six CD players in ending merchandise inventory on December 31. The players were purchased in November for $165. The price lists from suppliers indicate the current replacement cost of a CD player to be $162. What would be the amount reported as Inventory on the balance sheet?
a. 972$
b. 990$
c. 1800
d. 1890
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