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Floyd Corporation has the following four items in its ending inventory. Determine the following: (a) the LCNRV for each item, and (b) the amount of

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Floyd Corporation has the following four items in its ending inventory. Determine the following: (a) the LCNRV for each item, and (b) the amount of write-down, if any, using (1) an item-by-item LCNRV evaluation and (2) a total category LCNRV evaluation

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