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Consider the following information pertaining to OldWest's inventory: Product Quantity Cost Net Realizable Value Revolvers 12 $ 127 $ 158 Spurs 25 30 25 Hats
Consider the following information pertaining to OldWest's inventory:
| Product | Quantity | Cost | Net Realizable Value | ||||||
| Revolvers | 12 | $ | 127 | $ | 158 | ||||
| Spurs | 25 | 30 | 25 | ||||||
| Hats | 12 | 57 | 47 | ||||||
At what amount should OldWest report its inventory?
Multiple Choice
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$2,806.
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$2,958.
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$3,085.
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$2,713.
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
11th edition
78025400, 978-0078025402
