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Consider the following information pertaining to Jack Rabbit's inventory: Product Boots Spurs Hats Quantity 18 21 14 Cost $127 29 51 Net Realizable Value $158

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Consider the following information pertaining to Jack Rabbit's inventory: Product Boots Spurs Hats Quantity 18 21 14 Cost $127 29 51 Net Realizable Value $158 24 41 At what dollar amount should Jack Rabbit report its inventory? Multiple Choice $3,364 $3,461 $3,922 $3,609

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