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Cullumber Information Technology Company has the following cost and net realizable value data at December 3 1 , 2 0 2 4 : ( a

Cullumber Information Technology Company has the following cost and net realizable value data at December

31, 2024

(

)

Calculate the lower of cost and net realizable value valuation assuming Cullumber Information Technology Company applies

LCNRV to individual products.

Lower of cost and net realizable value

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