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Consider the following information pertaining to ABC's inventory: Product Quantity Cost Net Realizable Value Revolvers 13 $ 126 $ 159 Spurs 21 22 17 Hats

Consider the following information pertaining to ABC's inventory: Product Quantity Cost Net Realizable Value Revolvers 13 $ 126 $ 159 Spurs 21 22 17 Hats 12 52 42 At what amount should ABC report its inventory? Multiple Choice $2,594. $2,928. $2,499. $2,724.

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