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Lower - of - Cost - or - Net Realizable Value Method The following data refer to the Flemming Company s ending inventory: Item Code

Lower-of-Cost-or-Net Realizable Value Method
The following data refer to the Flemming Companys ending inventory:
Item
Code
Quantity
Unit
Cost Net
Realizable
Value
ABX 80 $58 $63
TYG 1504850
JIL 1753633
GGH 905246
Calculate the value of the companys ending inventory by using the lower-of-cost-or-net realizable value applied to each item of inventory.
Ending inventory computed by applying the lower-of-cost-or-net realizable value to each item of inventory is $Answer

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