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Determining Lower of Cost or Net Realizable Value (NRV) Crane Company had the following inventory at December 31. a. Determine the ending inventory amount by

image text in transcribed Determining Lower of Cost or Net Realizable Value (NRV) Crane Company had the following inventory at December 31. a. Determine the ending inventory amount by applying the net realizable value rule to: 1. Each item of inventory. $ 2. Each major category of inventory. $

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