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Blossom Company has the following cost and net realizable value data at December 31, 2021: Inventory CategoriesCostNet Realizable Value Personal computers$24,900$21,500 Servers18,80019,500 Total solution printers10,000
Blossom Company has the following cost and net realizable value data at December 31, 2021: Inventory CategoriesCostNet Realizable Value Personal computers$24,900$21,500 Servers18,80019,500 Total solution printers10,000 7,300 Blossom Company has the following cost and net realizable value data at December 31, 2021: Inventory Categories Personal computers Servers Total solution printers Cost $24,900 18,800 10,000 Net Realizable Value $21,500 19,500 7,300 (a) Calculate the lower of cost and net realizable value valuation assuming Blossom Company applies LCNRV to individual products. Lower of cost and net realizable value $ LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 0 of 15 used SAVE FOR LATER SUBM
Blossom Company has the following cost and net realizable value data at December 31, 2021:
Inventory CategoriesCostNet Realizable Value
Personal computers$24,900$21,500
Servers18,80019,500
Total solution printers10,000
7,300
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