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Kingbird, Inc. sells three different categories of tools (small, medium and large). The cost and net realizable value of its inventory of tools are as

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Kingbird, Inc. sells three different categories of tools (small, medium and large). The cost and net realizable value of its inventory of tools are as follows. Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach The total inventory value

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