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Lower of Cost or Net Realizable Value Blue Corporation uses the FIFO cost flow assumption. Presented below is information related to Blue's inventory: a .
Lower of Cost or Net Realizable Value
Blue Corporation uses the FIFO cost flow assumption. Presented below is information related to Blue's
inventory:
a Determine the net realizable value for each item.
b Determine the inventory value of each item using the lower of cost or net realizable value rule.
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