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Company X uses the lower-of-cost-or-net realizable value to value its inventory. The book value of inventory was $10,000. The net realizable value is $12,000. What
Company X uses the lower-of-cost-or-net realizable value to value its inventory. The book value of inventory was $10,000. The net realizable value is $12,000. What value should the company record its inventory at in its books? (This question is a freebie and no, it is not a trick question). O $11,000 O $12,000 O $10,000 O It depends
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