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Current Attempt in Progress Grouper Furniture Shop Inc. uses the lower of cost and net realizable value basis ( LCNRV ) for reporting its inventory.

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Grouper Furniture Shop Inc. uses the lower of cost and net realizable value basis (LCNRV) for reporting its inventory. The following data are available at December 31.
\table[[Units,Cost/Unit,Net Realizable Va,],[Tables,,,],[Large,22,$274,$271
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