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Fine Leather Ltd. had the following inventory at December 31, 2017: Required: 1. Determine the value of ending inventory that should be reported on the

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Fine Leather Ltd. had the following inventory at December 31, 2017: Required: 1. Determine the value of ending inventory that should be reported on the statement of financial position by applying the LC\&NRV rule to, a. Each item of inventory b. Each major category of inventory c. Total inventory

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