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Grace Ltd sells three products: G1, G2 and G3. At the financial year-end, the inventory held is as follows: Cost Net Realizable Value G1 $1,600

Grace Ltd sells three products: G1, G2 and G3. At the financial year-end, the inventory held is as follows: Cost Net Realizable Value G1 $1,600 $1,110 G2 $6,400 $5,660 G3 $1,510 $2,080 What is the total value of the closing inventory in Grace Ltds accounts?

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