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Jackson Corporation uses Lower of Cost or NRV to value inventory. An item in inventory has the following information. How much will this item be

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Jackson Corporation uses Lower of Cost or NRV to value inventory. An item in inventory has the following information. How much will this item be valued at on the books for reporting purposes? Estimated Selling Price 150 Estimated Normal Profit % 10% Costs to complete 25 Selling Costs 10 Original Cost 120 $120 O $115 O $100 O $135

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