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Exercise 6-13B Calculate inventory using lower of cost and net realizable value (L06-6) [The following information applies to the questions displayed below) A company reports

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Exercise 6-13B Calculate inventory using lower of cost and net realizable value (L06-6) [The following information applies to the questions displayed below) A company reports inventory using the lower of cost and net realizable value (NRV). Below is information related to its year-end inventory Inventory Furniture Electronics Quantity 100 Unit Cost $75 Unit NRV $ 90 250 300 Exercise 6-13B Part 2 2. Calculate ending Inventory using the lower of cost and net realizable value Lower of Cost and NRV per Inventory Q uantity Ending Inventory Furniture Electronics

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