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Consider the following information pertaining to OldWest's inventory: Product Quantity Cost Net Realizable Value Revolvers 17 $ 124 $ 159 Spurs 28 25 20 Hats
Consider the following information pertaining to OldWest's inventory:
Product | Quantity | Cost | Net Realizable Value | ||||||
Revolvers | 17 | $ | 124 | $ | 159 | ||||
Spurs | 28 | 25 | 20 | ||||||
Hats | 11 | 54 | 44 | ||||||
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$3,152.
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$3,402.
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$3,244.
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$3,747.
At what amount should OldWest report its inventory?
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