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Blossom Distribution Co. has determined its December 31,2023 , inventory on a FIFO basis at $235400. Information pertaining to that inventory follows: Blossom records losses
Blossom Distribution Co. has determined its December 31,2023 , inventory on a FIFO basis at $235400. Information pertaining to that inventory follows: Blossom records losses that result from applying the lower of cost and net realizable value rule. At December 31, 2023, the loss that Blossom should recognize is $18900.$9000.$28800. $0
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