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Consider the following information pertaining to OldWest's inventory: Product Revolvers Spurs Hats Quantity 18 23 Cost $124 30 Net Realizable Value $152 25 47 10

Consider the following information pertaining to OldWest's inventory: Product Revolvers Spurs Hats Quantity 18 23 Cost $124 30 Net Realizable Value $152 25 47 10 57 At what amount should OldWest report its inventory? Multiple Choice $3,781 $3,371

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