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Boulder, Inc. is computing its inventory at December 31, 2019. The following information relates to the five major inventory items regularly stocked for resale: Item

Boulder, Inc. is computing its inventory at December 31, 2019. The following information relates to the five major inventory items regularly stocked for resale:

Item

Quantity on Hand

Ending Inventory,

December 31, 2019

Unit Cost when

Acquired (FIFO)

Net Realizable Value

(Market) at December 31,

2019

A

100

$40

$35

B

150

$50

$52

C

25

$100

$80

D

300

$60

$62

E

700

$15

$12

Using the lower of cost or net realizable value, compute the total the total inventory valuation at December 31, 2019. (number only, no need for $).

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