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eBook Print Question 3 Incorrect Mark 0.00 out of 1.00 P Flag question Determining Lower of Cost or Net Realizable Value (NRV) Crane Company had
eBook Print Question 3 Incorrect Mark 0.00 out of 1.00 P Flag question Determining Lower of Cost or Net Realizable Value (NRV) Crane Company had the following inventory at December 31, 2017. Unit Price Quantity Cost NRV Desks Model 9001 71 $190 $210 Model 9002 46 280 268 Model 9003 Cabinets Model 7001 121 Model 7002 81 95 88 Model 7003 51 130 21 350 360 60 64 126 a. Determine the ending inventory amount by applying the net realizable value rule to: 1. Each item of inventory. $ X 2. Each major category of inventory. $ 0 X 3. Total inventory. $ 0 X Check
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