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Gottfried Shirts Emporium's ending inventory consisted of the following items and costs: Item Size Quantity Unit Cost Unit NRV Small 50 $130 $138 Medium
Gottfried Shirts Emporium's ending inventory consisted of the following items and costs: Item Size Quantity Unit Cost Unit NRV Small 50 $130 $138 Medium 75 $185 $183 Large 60 $162 $168 Extra-Large 30 $200 $193 How much is ending inventory if the lower of cost or net realizable value rule is applied to the total inventory? $36,495 $36,095 $35,735 $36,855
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
