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Data related to the inventories of Snoopy Medical Dog Supplies are presented below: Selling price Cost Costs to sell Surgical Equipment Surgical Supplies $ 261

Data related to the inventories of Snoopy Medical Dog Supplies are presented below: Selling price Cost Costs to sell Surgical Equipment Surgical Supplies $ 261 160 11 $ 136 Rehab Equipment $ 324 101 11 290 31 Rehab Supplies $ 159 158 8 Apply the lower of cost or net realizable value (NRV) rule to each individual inventory category and determine what the value would be. Remember that NRV for this problem is equal to current selling price less cost to sellimage text in transcribed

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